Experienced a hack affecting the protocol, with detailed analysis provided by BlockSecTeam.

Suffered an exploit on January 25, 2026, resulting in $13.43 million stolen from Matcha Meta users.

Suffered a security breach affecting users who opted out of One-Time Approvals, with approximately $16.8M worth of crypto drained, including ~10.5M USDC swapped for ~3,655 ETH on Base chain by the attacker.

Users are advised to revoke approvals with Swapnet due to an unspecified security concern.