Swell pauses swETH and rswETH deposits and withdrawals, stating all user funds are safe.

BlockBeats news, October 23 - The restaking protocol Swell announced in a post that to further ensure infrastructure security, the team is collaborating with security partners and Seal911 and has suspended deposit and withdrawal functions for swETH and rswETH. Swell stated that the next step to restore normal operations is to adjust the net asset value (NAV) to the correct level, after which deposits and withdrawals will be reopened.

The team emphasized that all funds are currently safe and that they are proceeding cautiously to ensure the secure resumption of services. Additionally, Swell reminded users to remain vigilant and to follow only information from official channels, noting that phishing attacks may increase during such incidents.