Digital Currency
Add as a preferred source on GoogleThe process covers 72.77 million SWELL tokens, 100.99 swETH and 55.28 rswETH following Swellchain’s shutdown.
Assets recovered from Swellchain are now included in an Ethereum-based claims process.
The Ethereum claims process includes 100.99 swETH and 55.28 rswETH, plus 72.77 million SWELL tokens. BNB Chain was part of the temporary cross-chain process used to retrieve the stranded assets.
Swell previously paused deposits and withdrawals for swETH and rswETH after a security review involving related contracts. EconoTimes reported on the earlier pause.
Swell reported no Ether outflow from the tokens’ deposit or withdrawal contracts as of its update and said it is taking preventive measures with security partners.
The pause blocks withdrawal requests and Ether (ETH) claims until Swell completes a net asset value correction.
Aave froze its Ethereum Core reserve, restricting new deposits and borrowing against tBTC.
