Matcha Meta reports a security breach, $16.8M drained, with more users at risk
Jan 26, 2026
< 1 min read
by Florence Muchai
for CryptoPolitan

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AI Overview
Matcha Meta reports a security breach linked to SwapNet, resulting in a loss of approximately $16.8 million due to unauthorized token approvals. This incident highlights risks in DeFi security protocols.
Bearish
Matcha Meta discloses a SwapNet-related security breach that drained about $16.8 million after attackers abused direct token approvals.

