Swell swETH and rswETH rates flagged as manipulated after key-drain warning

Researchers flagged inflated exchange rates for Swell's swETH and rswETH liquid staking tokens following a cloud-platform disclosure that included a key-drain warning. The reported 2,513 ETH held by Swell is not a confirmed loss, but the rate manipulation concern raises questions about the integrity of the protocol's staking derivatives. Traders holding swETH or rswETH should watch for redemption or peg issues, since manipulated rates can distort pricing and collateral value.