The hacker managed to make only around USD 132,000 as a result of an attack on Meta Pool Protocol Protocol, which created tokens worth $ 27 million, which they could seduce. The attack was thwarted by low liquidity and pause on the wise contract.
The attacker was able to amount to 9705 Mpeth tokens in a silky staking protocol worth almost $ 27 million, but he managed to steal only about $ 52.5 (ETH), worth just over $ 132,000 from liquidity closing pools, said Meta Pool on the blog post On Tuesday.
He added that some of the affected pools had low liquidity and volumes, which hinders the attack, and its “early detection systems” helped the team quickly stop the contract, preventing “further unauthorized activity or additional losses.”
The hacker used the “fast unterake” function
In x post On Tuesday, co -founder of Meta Pool, Claudio Cossio, said that the hacker used “fast unrestricted functionality”, enabling them to knock out thousands of Mpeth tokens.
Basically, after diagnosis of cryptography, the waiting period occurs before it becomes moved; However, with a rapid failure, also known as flawless, the waiting period is annulled, provided that certain conditions are met.
Blockchain Peckkshield security company Published To X, that the STAKING agreement had a “critical error”, which allowed the hacker to break MPeth for free, but “Low liquidity Mpeth reduced profit.”
The meta pool team said that the attack “included the unauthorized token mint via the ERC4626 Mint () function.”
Exploiter flows swimming pools
After establishing Mpeth, Exploiter used most of them to drain 52.5 ETH swap stalls, affecting several mainstones and Ethereum optimism.
The Meta Pool team said, however, that the affected pool of optimism had “low liquidity and volume.”
“It should be cleaned that all erected Ethereum is safe, delegated in SSV operators, which validate blocks and charges prizes on the Ethereum diet,” said the pool team.
According to the Meta Pool team, a full posthumous incident in the next two days, along with the recovery plan. In the meantime, the affected MPeth agreement will remain detained when continuing the investigation.
Related: 2.1 billion Crypto stolen in 2025
Meta Pool promised “to return the assets lost by this incident” and ensure that users are “created in full”.
Cryptographic protocols hit with exploits
Alex Protocol, a decentralized Bitcoin financial platform on Blockchain Stacks, suffered a operate on June 6, and losses of $ 8.3 million after a bad actor used the defect in logic verification of self -employment to eliminate liquidity from several asset pools.
Meanwhile, Taiwan Crypto Exchange Bitopro confirmed on June 2 that the violation of security led to the loss of assets of over $ 11.5 million from heated wallets on May 8.
Warehouse: China, which prohibits the ownership of Bitcoins? Gate.io for paying USD 30 million for liquidation: Asia Express
