An On-Chain DEX Aggregator Just Lost $17 Million in Major Smart Contract Attack
SwapNet exploit drains $16.8 million via compromised router contract tied to persistent token approvals. Matcha Meta exposure affected users who disabled 0x One-Time Approval security feature. Hack underscores DeFi risks from unlimited approvals, complex routing, and unverified contracts. On-chain decentralized exchange (DEX) aggregator, SwapNet, has suffered a major smart contract exploit that drained nearly $16.8 …
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