Wu BlockchainNewsroom
Swell pauses swETH and rswETH deposits and withdrawals over abnormal exchange rates

According to Unchained, Swell paused swETH and rswETH deposits/withdrawals due to abnormal exchange rates/NAVs (swETH ~1.203 ETH, rswETH ~1.138 ETH). On-chain analyst Spreek flagged a potentially malicious upgrade contract tied to admin keys; Swell says no ETH has been withdrawn.