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Matcha Meta breach tied to SwapNet exploit drains up to $16.8M
Market Intelligence Analysis
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Why This Matters
A security breach on the Base blockchain has resulted in up to $16.8 million being stolen due to a vulnerability in the SwapNet router contract, prompting Matcha Meta to advise users to revoke one-time approvals.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Matcha Meta urged users to revoke one-time approvals for SwapNet’s router contract after a smart contract vulnerability saw up to $16.8 million stolen on the Base blockchain.
Original article published by
CoinTelegraph
on January 26, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.