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Protocol freezes token withdrawals after exchange rates increase unexpectedly

Swell paused deposits and withdrawals for swETH and rswETH on Friday. The protocol acted after the contract rates rose above normal levels.

  • Swell paused deposits and withdrawals for swETH and rswETH.
  • The swETH contract showed a rate near 1.203 ETH and rswETH stood near 1.138 ETH.
  • Swell stated that no ETH has left the withdrawal or deposit contracts.
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