Swell pauses swETH and rswETH operations amid key compromise

Swell: Swell is a liquid staking and restaking protocol on Ethereum that issues derivative tokens for staked assets. It enables users to stake ETH and participate in restaking while retaining liquidity. The protocol paused swETH and rswETH operations following reports of compromised repricing keys to correct net asset value before reopening. swETH: swETH is Swell's liquid staking token that represents staked Ethereum and associated rewards. It allows holders to maintain liquidity and use the asset in DeFi applications. The current pause blocks direct exits of swETH to ETH as part of the protocol's response to the key compromise. rswETH: rswETH is Swell's restaked ETH token designed to provide additional yield opportunities through restaking on top of the base swETH product. It extends the staking functionality with restaking mechanisms. The halt includes rswETH, preventing direct redemptions amid the need to address net asset value accuracy. Protocol Action: The platform requires correction of net asset value calculations prior to reopening exits to ETH. Security Incident: Swell paused deposits and withdrawals for its swETH and rswETH tokens after reports of compromised repricing keys.