Hacker swipes $13.5M from Matcha Meta users as protocol reports security ‘incident’
TL;DR
A hacker stole $13.5 million from Matcha Meta users on Jan. 25 due to a security breach in the integrated SwapNet aggregator, highlighting ongoing DeFi security concerns.
Source: DLNews
A hacker has stolen $13.5 million worth of crypto from users of Matcha Meta, a DeFi exchange meta aggregator built by 0x. The attack occurred Jan. 25. Crypto security firm Peckshield, one of several companies to report the incident, characterized it as a security breach. Matcha Meta confirmed the attack in an X post. It said that the incident was due to SwapNet, an exchange aggregator integrated with the protocol. Matcha Meta is a one-stop-shop for traders, searching all the decentralised exchange aggregators to find the one that offers the most cost-efficient trades, for a small fee. DeFi protocol exploits are a huge concern among DeFi developers and crypto security experts. Full Story