swell

POLL | Treasury Secretary takes the stage at Swell: bullish news or a takeover?
Ripple Swell opens, with Treasury Secretary Bessent personally kicking things off: even if the CLARITY Act doesn’t pass, the Treasury can still work with the SEC and CFTC to establish rules. Opinions are divided.
The Treasury Secretary is weighing in—which side are you on?
A: Good news for compliance; the rules are finally being clarified
B: A bank takeover—crypto is about to be boxed in
C: Let’s hear what they have to say first; it doesn’t count until the bill passes
Vote in the comments:
$XRP $RLUSD $BTC
#Ripple #加密监管 #Swell
(Source: Blockonomi)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; proceed with caution.

A liquidity pause usually isn’t the end of the story—it’s the start of a valuation recalibration.

Swell announced a pause on deposits and withdrawals for swETH and rswETH. It is working with security partner Seal911 to correct the tokens’ net asset value (NAV), and says funds are currently safe, with no timeline yet for resuming activity. For holders, the biggest short-term pain is being unable to move in or out; for the market, discounts on LST and restaking assets may temporarily widen.

Reminder: a pause ≠ zero. Keep an eye on three things: whether the NAV correction formula is made public, whether withdrawals resume in phases, and whether secondary-market premiums or discounts stray too far from par. Don’t follow “emergency migration” links during the information vacuum.

#Swell #swETH #LST #DeFi

🚨 Important announcement: Swell temporarily suspends swETH and rswETH deposits/withdrawals!

To upgrade and strengthen its infrastructure security, the Swell protocol has decided to temporarily suspend deposits and withdrawals of the two assets, swETH and rswETH.

📌 Key points to note:
✅ User assets: Confirmed to be completely safe.
✅ Support: A team of experts from Seal911 is working with Swell.
✅ Status: Deposits/withdrawals temporarily suspended.

Why is Swell doing this?
- The team is recalibrating the net asset value (NAV) to ensure maximum accuracy before operations resume.
- This is a precautionary measure to eliminate any potential risks to the system.
- WARNING: During this time, users should be extremely cautious of scams and unfamiliar links.

👉 Follow the market 24/7 — Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1

#Swell #Ethereum #BaoMat #CryptoNews $ETH #Crypto

Swell hot-key incident: ~2,500 ETH at risk under malicious upgrade contracts; official pauses deposits and withdrawals on October 23 as a precaution. $SWELL

◆ Timeline: At 14:25 UTC on October 21, attackers gained control of a Swell DAO operational hot key, including the oracle bot that sets the swETH/rswETH exchange rates. At 03:03 UTC on October 22, Swell confirmed on X that it had detected suspicious activity and was investigating with security partners and Seal911.
◆ Method: The attackers increased the exchange rates by 1% per hour—the maximum rate allowed by the system—with no new ETH backing. As of October 22, the on-chain swETH exchange rate was about 3.0% above its correct value (approximately 1.133254 ETH), while rswETH was about 2.0% higher.
◆ Sword of Damocles: Four malicious upgrade contracts have been deployed and could withdraw approximately 2,513 ETH if executed through the timelock. None have been executed so far, so the loss remains “unconfirmed.”
◆ Response: On October 23, the official team paused deposits and withdrawals for swETH and rswETH, saying they would resume once NAV had returned to the correct value. It emphasized that all user funds were safe. Each product line had a TVL of approximately $29 million (as of October 23). A connection to the Railway key leak has not been confirmed.

Notably, an inflated exchange rate without backing can propagate through lending markets: lending pools that price swETH/rswETH using on-chain rates may count the inflated figures as collateral. The rsETH incident involving KelpDAO is a precedent.

Pausing deposits and withdrawals is the right move to limit losses, but how long it takes to correct NAV—and whether the withdrawal path for those 2,513 ETH has been cut off—will determine whether this remains an “incident” or becomes a “loss.”

#Swell #再质押 #SecurityIncident
Personal opinion only; this is not investment advice.

If you hold swETH or rswETH, take a look—now.

The annualized yields this protocol is currently showing on data sites are 365% for swETH and 7,530% for rswETH. Normal ETH staking yields are in the single digits. Three- or four-digit yields can only come from one thing: the NAV has been manipulated and hasn’t been corrected yet.

On October 21, its operator keys were compromised, including those for the price-feed bot. The attacker has been pushing the NAV up by as much as 1% per hour, with no ETH to back it up. They can buy tokens at this fake rate, then redeem their own holdings at the same fake rate.

Four more malicious upgrade contracts have already been deployed. Executing them could drain around 2,513 ETH—six million dollars. But that hasn’t happened because it requires a 4-of-7 multisig plus a seven-day timelock, and none of the seven signers has sent a single transaction since the attack began.

The fast route is blocked. The slow route is still running.

The official claim that “all funds are safe” may be true in terms of the contract balances, but when it comes to how much you can actually get back, well… The market has already voted with its prices: swETH fell from 1.1312 ETH to 1.0584, and rswETH from 1.0800 to 1.0036. That’s roughly a 7% discount. rswETH’s 7.1% discount is even steeper than swETH’s 6.4%. The deeper you’re stuck, the bigger the discount the market demands.

Deposits and withdrawals are now fully halted, leaving only decentralized exchanges. All the pools combined have less than $200,000 in depth; the Uniswap WETH-swETH pool has just $139,500. If you’re willing to take a 7% loss and get out, selling a position worth more than a few tens of thousands of dollars would send the price crashing through the floor.

There were 29 hours between the warning and the shutdown. During that time, the protocol’s TVL fell from $134 million to $60.97 million. Information asymmetry really can be turned into money.

For future incidents like this, there’s only one thing to check: the yield. If it hits triple digits, the books are already untrustworthy—and the exit is usually still open at that point. The protocol itself is also warning that phishing attempts by people impersonating the team tend to increase in situations like this.

My guess is that the real settlement will be when they fix the NAV. The official team hasn’t said how the shortfall will be allocated. For you, that means: if you’re still in, what you’re waiting for isn’t a price—it’s a distribution plan.
#Swell

【Market Flash】Not a single ETH was stolen, yet the swETH exchange rate was artificially inflated by 3%.
Spreek revealed that someone with Swell’s hot key pushed the exchange rate up five times, with no ETH behind it; four other malicious contracts targeted 2,500 ETH. Swell has suspended deposits and withdrawals.
The real danger isn’t the rumor of 370,000 being stolen, but that the inflated exchange rate could be used to value collateral in lending markets. Would you still borrow against yield-bearing ETH?

$ETH $SWELL $swETH
#Swell #以太坊质押 #DeFiSecurity
（Source: Cryptopolitan）
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.

🚨 Something’s gone wrong with Swell’s swETH/rswETH: The tokens weren’t stolen outright—their “exchange rate” was manipulated

This morning, on-chain researcher Spreek sounded the alarm: The administrator-related keys for two liquid staking tokens under Swell DAO, swETH and rswETH, may have been compromised. Spreek also expressed uncertainty, speculating that it could be related to the Railway cloud platform incident over the past couple of days. There’s no confirmation yet.

Here’s what we know so far:
🔹 The attacker is pushing up the NAV of the two tokens (how much ETH each token represents), by as much as 1% per hour, without any real ETH backing it
🔹 Four malicious upgrade contracts have been deployed on-chain. According to Spreek, they haven’t yet been queued for execution through the multisig. If executed, they could drain around 2,500 ETH
🔹 It’s been reported that Swell said no ETH has left the contracts so far

I think the key takeaway for most people is this “exchange rate manipulation” technique.

The price of liquid staking tokens is often determined not by the market, but by an exchange rate reported by an oracle. Artificially inflating that rate could let someone use overvalued swETH as collateral in a lending protocol to borrow real assets, or trade it in a pool for more ETH. The parties who take the hit may not be Swell itself, but everyone who prices swETH using that rate.

Another thing to note is the multisig. The malicious contracts have been deployed, but are still stuck in the multisig process. That’s exactly why multisigs and timelocks exist: If the keys are lost, there’s still one last line of defense. Whether a project has a timelock and how its signers are distributed may not get much attention in normal times, but during an incident, it can be a matter of life or death.

If you hold swETH/rswETH or related LP tokens:
🔹 Don’t rush to “buy the dip” while information is unclear—the exchange rate itself may be fake
🔹 Check which lending protocols you’ve used it as collateral in
🔹 Follow announcements only from Swell’s official accounts. “Compensation claims” and “migration links” that appear after an incident are usually phishing scams

From the PHP vulnerability to Railway and GitLab, more and more risks in crypto this week have come from Web2 infrastructure. If you hold staking tokens, do you know who reports their exchange rate—and who can change it?

#Swell #流动性质押 #链上安全 #ETH

⚠️ Security Alert: Swell’s swETH / rswETH admin keys suspected to be compromised; approximately 2,500 $ETH are at risk

On October 22, security researcher Spreek disclosed an anomaly on X. PANews, TechFlow, Wu Says, and others followed up. Here are the key points:

1. Assets involved: Swell DAO’s liquid staking token swETH and restaking token rswETH. The issue concerns the contracts’ administrator (proxy upgrade) permissions.
2. Anomalous activity: According to the disclosure, the attacker is raising the net asset value (NAV) of assets with no backing by as much as approximately 1% per hour.
3. Potential losses: Four malicious upgrade contracts have been found deployed, but they have not yet entered the execution queue via multisig. If executed, they could drain approximately 2,500 $ETH .
4. Cause unknown: Some have speculated that this is related to a security incident involving cloud deployment platform Railway, but Spreek said it was merely a coincidence in timing, and there is no conclusive evidence so far. At the time of writing, Swell has not issued a full official statement.

Anyone holding swETH / rswETH, or using them as collateral in lending protocols or LPs, should closely monitor Swell’s official X account and Discord announcements and assess their exposure. $SWELL holders should also keep an eye on upcoming governance developments.

For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar “compensation/claim” links.

#Swell #DeFi安全 #流动性质押 #ETH #OnchainSecurity

Swell admin key leak puts around 2,500 ETH at risk

The Swell DAO token admin key may have been compromised. An attacker could exploit a malicious contract to steal around 2,500 ETH. Technical analysis highlights key levels to watch.#Swell #CryptoSecurity

Swell admin key leaked! 2500 ETH in danger!

Swell DAO’s admin key is suspected of being hacked, putting 2500 ETH tokens at risk! Come take a look—the crypto world is in turmoil once again!#Swell #加密货币危机 #SecurityAlert

Swell admin key leaked! 2,500 ETH in imminent danger!

The Swell DAO admin key may have been compromised, putting 2,500 ETH at risk! Come take a look—our crypto world is in turmoil again!#Swell #加密货币危机 #SecurityAlert

Swell admin key leaked! 2,500 ETH in danger!

The Swell DAO admin key may have been hacked, putting 2,500 ETH at risk! Everyone, take a look—our crypto world is once again in turmoil!#Swell #加密货币危机 #SecurityAlert

🔷 Why you should keep an eye on $SWELL

📋 Facts:
• Ethereum liquid staking and restaking platform
• swETH token: a liquid staking token that accrues rewards
• TVL peaked at $2.1 billion (713K ETH)
• IMPORTANT: shut down its own L2, Swellchain, in June 2026
• Reason: slowing restaking growth and cheaper Ethereum transactions
• earnETH: a new product for aggregating DeFi yields
• Focused on making DeFi and staking more accessible

🧠 Swell has undergone a major transformation: shutting down its own L2 in June 2026 shows that its strategy of restaking on a separate chain didn't pay off. This is an honest signal: the market showed that using Ethereum directly is cheaper than building a separate L2. But its core liquid staking business (swETH, with $2.1 billion in TVL) is still operating. The launch of earnETH for yield aggregation shows that the project is adapting. The key question is whether Swell can compete with Lido and other staking leaders after shutting down its L2.

⚠️ Risks: the L2 shutdown highlights problems with the strategy; competition from Lido; dependence on the staking market; volatility; risk of further market share decline.

❓ Can Swell compete with Lido after shutting down its L2? 👇
#Swell

$SWELL
#Swell Swell/USDC Bullish Outlook
The Swell/USDC pair has started to show positive momentum in the market, which is boosting traders' and investors' confidence. Recent buying pressure and strong support levels indicate that the pair could continue its upward movement in the short-term and medium-term.
According to technical analysis, the price is creating higher lows, which is a sign of a bullish trend. If buyers maintain their strength, Swell/USDC could break through key resistance levels and achieve new highs.
Market sentiment also appears bullish, as an increase in trading volume has been observed. This volume increase often represents strong buying interest and strengthens the chances of trend continuation.
It's essential for traders to keep risk management in mind, but the current market structure provides a positive outlook for Swell/USDC. If momentum remains strong, we could see even more robust upside moves in the upcoming sessions.
Overall Bias: Bullish 📈#USIranDealConfirmed #USIranDealConfirmed #SaylorHintsStrategyBitcoinBuy #HToken210PctBouncePostExploit

🚀 New Coin Alert: $SWELL (Swell Network)
🔥 A fresh new opportunity is gaining serious traction, $SWELL is becoming one of the most talked-about DeFi projects!

💡 Why SWELL?
✔ Liquid staking on Ethereum
✔ Strong DeFi ecosystem integration
✔ Growing community & adoption
✔ Expanding staking narrative

📊 Market Insight:
SWELL is showing rising trading activity and increasing market attention. Momentum is building, but always DYOR before entering.

⚡ Potential:
With liquid staking continuing to grow, SWELL could become a major player in the Ethereum ecosystem.

💬 What do you think about SWELL?
Long-term gem or still early?

#SWELL #SwellNetwork #CryptoUpdate #Altcoins #CryptoTrading

#💧 #Swell #DeFi

⚠️ FINAL CLOSURE! SWELLCHAIN WILL STOP OPERATING ON JUNE 15TH, URGENT WITHDRAWAL REQUESTED 🚨💸

Maximum alert for DeFi users! The restaking protocol Swell has announced the permanent shutdown of Swellchain (its Layer 2 network on Optimism) starting June 15th. This move is part of a strategic restructuring to focus all its engineering resources on its new ecosystem, Faro. 🏛️🔄

Immediate action required! The team has issued a critical warning: users must unwind their positions in the dApps on the network and withdraw or migrate all their assets (like swETH, rswETH, and wstETH) to the main Ethereum network before June 15th. After this date, the bridge interface will cease to function and funds that have not been withdrawn could become inaccessible or be permanently lost. 🛡️⚠️

It should be noted that Swell tokens on the main Ethereum network will not be affected. Will this mass migration cause withdrawal congestion or impact trust in L2 restaking solutions? Check the chart below right now and monitor the market in real time! ⬇️📉👀
$BTC

$ETH

$BNB

🚨 $XRP SINKS WHILE RIPPLE CELEBRATES SWELL

XRP is down 3.65% today on $605M in volume, while $BTC -1.61% and SOL, down 2.41%, are falling less.

Look at the big picture:
→ Ripple is at Swell in New York announcing payment, custody, and tokenization partnerships… and XRP isn’t moving: those deals don’t force anyone to buy XRP on the market, and whale deposits on Binance are at a 7-month high.
→ Decoupling: BTC -1.61%, SOL -2.41%… and XRP -3.65%. It’s falling more than the major coins today.
→ Progression: falls → loses $1.2801 → targets $1.2715.

SHORT entry $1.2873–$1.2954, stop $1.3002, TP1 $1.2801 (extended 24h low), TP2 $1.2715. If it reclaims $1.3002, the short is over and it’s time to exit.

Note: XRP has spent 10 weeks between $1.25 and $1.55 — if it strongly defends $1.28, the short loses steam. The short is betting that Swell won’t bring real demand, not that Ripple is finished.

👇 Will XRP lose $1.28 or hold the range? Let me know.

$XRP #Ripple #Swell #Trading

A counterintuitive question: Wallets hit a record, so why is the price still falling?
$XRP is hovering around $1.29, down about 17% in a month. But on-chain data tells two different stories: on one hand, wallets with non-zero balances have surged to 8.24 million, with 4,772 added in a single day; on the other, the number of whale wallets holding 10 million to 100 million tokens has shrunk from 351 to 339, while exchange balances have risen from 11.003 billion to 11.05 billion. Analysts are spelling it out: if $1.26 doesn’t hold, the next stops are $1.11 and then $0.98. But the Swell conference kicks off in New York tomorrow (October 27–29)—is this the eve of major bullish news, or the night before the whales head for the exits?
Pick a side in the comments: A) The whales are getting out first; if $1.26 breaks, $0.98 is next. B) 8.24 million wallets are a solid foundation, and Swell is the comeback moment. Which side are you on?
$BTC $ETH #XRP #Ripple #Swell

Swell opens in New York today, and the $XRP ledger is busier than the venue: 1 billion unlocked on October 1, and 700 million was locked back up that same day, leaving a net increase of just 300 million. But the next 1 billion is due to unlock on November 1, while the price is still hovering around $1.29, down 15.8% over the past month. Clickbait headline: 1 billion about to flood the market! On-chain accountant: Stop shouting—700 million was locked back up ages ago. Retail investors queuing outside: So is today the big reveal, or are they just pitching us another fantasy?
A: Unlocks are routine business. What’s there to panic about?
B: That 1 billion on November 1 is the real test.
$XRP $BTC $ETH #Ripple #Swell #XRP