Swell paused deposits and withdrawals for swETH and rswETH while working with security partners and Seal911, according to a project statement cited by BlockBeats on Oct. 23.
Project plans NAV correction before reopening
Swell said its next step was to correct net asset value before restoring access. The team asserted that all user funds were safe and warned of possible phishing attempts.
Source: BlockBeats, 2026-10-23 07:56:49 UTC.