SwapNet has been compromised by a security vulnerability, resulting in the theft of approximately $16.8 million in cryptocurrency.

According to Odaily, Matcha Meta reports a security vulnerability in SwapNet, putting users who opted out of their "one-time authorization" at risk. As of now, approximately $16.8 million worth of cryptocurrency has been stolen. On the Base chain, attackers exchanged approximately 10.5 million USDC for approximately 3,655 ETH and have begun transferring funds across chains to Ethereum. Authorities advise users to immediately revoke authorizations from all personal aggregators outside of the 0x one-time authorization contract.