# Swell pauses swETH and rswETH after suspected admin key compromise

Source: https://x.com/swellnetworkio/status/2113520767665307910
Kiwi News: https://news.kiwistand.com/stories/Swell-pauses-swETH-and-rswETH-after-suspected-admin-key-compromise?index=0x6adbcfe4a4ba1a47d15ab0b0fbae3f6f035f46684b7aca41e53a880f4c12f410387d8944
Submitted by 0xbBfd...e91B on 2026-10-23 UTC, 2 upvotes, 0 comments

## Summary

Swell has paused deposits and withdrawals for its swETH and rswETH tokens while it works with security partners and Seal911 to secure its infrastructure, following a suspected admin key compromise. The next step toward resuming normal operations is returning NAV to its correct value, after which deposits and withdrawals will resume. Swell states that all funds are safe and advises users to stay vigilant and follow only official channels, since such events can lead to more phishing attempts.

## Article

As we continue to work with our security partners and Seal911 to fully secure our infrastructure, we have paused deposits and withdrawals for swETH and rswETH.

The next step to resume normal operations is to return NAV to the correct value, after which we will resume deposits and withdrawals.

All funds are safe, and we are working carefully with our security partners to resume operations securely.

We advise you to exercise increased vigilance at this time and to follow only communications from official channels. Events like this can lead to an increase in phishing attempts.