Matcha Meta urged users to revoke one-time approvals for SwapNet’s router contract after a smart-contract vulnerability saw as much as $16.8 million stolen on the Base blockchain. Decentralized exchange (DEX) aggregator Matcha Meta suffered a security breach on Sunday through one of its primary liquidity providers, SwapNet, in the latest cyberattack tied to exploiting smart-contract vulnerabilities. Matcha Meta disclosed the breach in a post on X on Sunday, warning that users who had previously granted token approvals to SwapNet’s router contract may be at risk. The protocol urged users to immediately revoke all approvals granted to SwapNet’s router contract to prevent further losses. Estimates of the stolen funds vary. Blockchain security company CertiK said about $13.3 million was taken, while PeckShield said at least $16.8 million was stolen on the Base network. Read more
South Korean crypto exchange Coinone has reportedly begun selling major shareholder stakes, with Coinbase rumored to be eyeing a strategic entry. Coinone, one of a handful of regulated South Korean cryptocurrency exchanges, is reportedly up for sale, with both local financial institutions and foreign exchanges among the rumored bidders. The company has begun a process to sell the stake held by chairman Cha Myung-hoon, who controls 53.4% of the company, local news agency Seoul Economic Daily reported on Sunday. “We are discussing partnerships, including equity investments, with overseas exchanges and domestic financial institutions,” Coinone confirmed to the outlet, adding that no final decision has been made. Read more
Wholesale and logistics company Aquila has completed an EUR5 million investment in an AI-based automation solution for logistic operations at the warehouse of Dragomiresti, Ilfov county, in a context marked by rising volumes and product portfolio diversification.