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Swell Pauses swETH and rswETH Deposits and Withdrawals

The DefiantView source article

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Swell pauses swETH and rswETH withdrawals after exchange rate manipulation

Swell halted deposits and withdrawals for its swETH and rswETH liquid staking tokens after researchers flagged that someone with operational keys pushed up exchange rates at the 1% hourly cap without backing, following a Railway key leak disclosure.

Oct 22, 2026·3 sourcesEthereumEthereum staking & validatorsCrypto securityPrice & market manipulationLiquid stakingCrypto hacksPrivate key compromiseDeFi
Swell pauses swETH and rswETH withdrawals after exchange rate manipulation
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Other sources for this story

Cryptopolitan

Swell's swETH rates climb unbacked hours after Railway's key leak

Unchained

Swell Freezes swETH and rswETH Withdrawals Until It Corrects Their Exchange Rates - Unchained