Matcha Meta breach via SwapNet drains $16.8M; warnings issued Jan 25–26, 2026
Matcha Meta, a DEX aggregator, reported a breach linked to liquidity provider SwapNet. Security firms tracked about $16.8 million drained, including ~10.5M USDC swapped for ~3,655 ETH on Base, with assets bridging to Ethereum. The team warned on January 25–26, 2026 that users should revoke approvals to the SwapNet router.