DEX Aggregator Matcha Meta Confirms $16.8 Million Loss After Attackers Exploit SwapNet Router Contract
Matcha Meta suffered a hack through its SwapNet integration, with attackers stealing around $16.8 million by swapping USDC for Ether and bridging it to Ethereum. Users who disabled One-Time Approvals and set direct allowances were affected, while those using the One-Time Approval feature were safe.
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