Swell DAO's swETH and rswETH admin keys reportedly compromised; malicious upgrade contracts deployed


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Admin keys for Swell DAO's swETH and rswETH appear to be compromised (railway related?) * Attackers are raising NAV by max 1% (unbacked) each hour * Four malicious upgrade contracts have been deployed (although not queued yet through multisig) that could steal approx 2500 ETH
uh oh https://t.co/LByux2oI4O
Unbacked inflation has hit two of Swell DAO’s liquid staking tokens the admin keys for swETH and rswETH appear to be compromised, with an attacker pushing the tokens’ NAV higher by up to 1% every hour. The keys control proxy admin permissions, which lets the holder point the…
SECURITY WATCH 🚨 SWELL DAO ADMIN KEYS FOR SWETH AND RSWETH APPEAR COMPROMISED, WITH ATTACKERS RAISING NAV BY UP TO 1% PER HOUR AND FOUR MALICIOUS UPGRADE CONTRACTS DEPLOYED THAT COULD STEAL ~2,500 ETH, PER SPREEK.
Indeed about 2500 eth across 4 Swell proxies at risk here, however no indication that it can be taken. Both ProxyAdmins are owned by the Swell Timelock. The Timelock delay is set to seven days, and its administrator is a 4/7 multisig. None of the 7 signers have transacted since… https://t.co/5Qy4RNIxs1
Admin keys for Swell DAO's swETH and rswETH are compromised https://t.co/YuSn5t7JcM
3 more accounts posted about this · 1 Telegram channel (no public link)
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