Researchers flag inflated swETH and rswETH rates after Swell hot key compromise

An unidentified actor reportedly took control of Swell's oracle bot and queued upgrades that could reach about 2,513 ETH, though no loss has been confirmed Swell’s liquid staking tokens are reportedly worth more on paper than they should be. Someone may have nudged the numbers on purpose. Security researcher Spreek reported on October 22, 2026 that an unidentified actor had reportedly taken control of Swell DAO’s operational hot keys, including the oracle bot that sets exchange rates for swETH and rswETH. The reported 2,513 ETH sitting in Swell contracts is exposed, but it is not a confirmed loss .