The Block••1 min read
Matcha Meta SwapNet Incident: $16.8M Drained, PeckShield Reports
Matcha Meta experienced a security incident on Sunday involving its SwapNet platform. According to reports, approximately $16.8 million in cryptocurrency was drained as a result of the incident. PeckShield provided the estimated figure for the losses incurred. The development highlights the ongoing security challenges within the decentralized finance (DeFi) space, where vulnerabilities can lead to significant financial losses for users and platforms alike.
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