DEX aggregator Matcha Meta exploited for $16.8M

DEX aggregator Matcha Meta has suffered a $16.8 million exploit during its integration with SwapNet, The Block reported. The attacker reportedly swapped approximately $10.5 million in USDC for 3,655 ETH on the Base chain before bridging the funds to Ethereum. The exploit is believed to have targeted a vulnerability in a SwapNet smart contract, allowing the hacker to steal pre-approved funds.