Swell suspended swETH and rswETH deposits and withdrawals, stating that all user funds are safe
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Swell suspended swETH and rswETH deposits and withdrawals, stating that user funds are safe.
Article
Swell suspended swETH and rswETH deposits and withdrawals, stating that all user funds are safe
BlockBeats reports that October 23, the restaking protocol Swell issued a statement saying that, to further safeguard infrastructure security, the team is working with security partners and Seal911 and has suspended deposits and withdrawals for swETH and rswETH.Swell said that the next step toward resuming normal operations is to adjust the net asset value (NAV) to the correct level, after which deposits and withdrawals will be reopened.
The team emphasized that all funds are currently safe and that it is proceeding cautiously to ensure the secure restoration of services. In addition,Swell reminded users to remain vigilant and follow only information published through official channels, saying that phishing attacks may increase during such incidents.
Original link https://m.theblockbeats.info/flash/373371
Key points
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Swell said it had suspended swETH and rswETH deposits and withdrawals.
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Swell said the team is working with security partners and Seal911 to further safeguard infrastructure security.
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Swell said that, before resuming normal operations, it will adjust the net asset value (NAV) to the correct level.
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Swell said that all funds are currently safe and reminded users to beware of phishing attacks.
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This message was published by BlockBeats on October 23。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Swell temporarily closed deposits and withdrawals for the two assets because the team is addressing infrastructure security issues. Officials said they will first correct NAV, then reopen services, and stated that funds are currently safe.
Why it matters to readers
The suspension of deposits and withdrawals will affect the liquidity of swETH and rswETH; when services resume depends on the progress of NAV repairs and security response.
If you hold or use swETH、rswETH, you should follow official channels and beware of phishing attacks that may increase during the incident.
Risks and unknowns
The evidence does not specify the exact security cause or scope of the service suspension.
The evidence does not specify when NAV the adjustment will be completed or when deposits and withdrawals will resume.
The current information comes from BlockBeats' report and does not provide Swell the official original text or independent on-chain evidence.
It is not yet possible to confirm on this basis whether any funds were lost or abnormally transferred.
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Related concepts
restaking protocol
This term is not in the glossary yet. Browse related concepts in the glossary.
