The multi-chain liquid staking protocol meta pool suffered a wise contract exploited on Tuesday, resulting in a loss of $ 27 million.
Blockchain Security Firm Peckshield reported That a bug in the protocol staking contract allows users to freely mint mpeth, the liquid protocol staken (LST).
While an attacking managed mint $ 27 million The cost of tokens, the lack of liquidity in uniswap means they can only change 10 ETHs worth ($ 25,000).
An Ethercan transaction before the exploitation occurred showed that an account labeled as “Mev Frontrunner Yoink” removed 90 eth worth of liquidity from the pool.
The Meta Pool has not yet posted any updates on social media exploitation. Total amount locked (TVL) for the project still stands at $ 75 million, according to DeleteWhile MPDAO’s protocol management token Trades at $ 0.02 In a small amount.
Exploitation continues a trend from May to find investors losing $ 302 million in hacks, scams and exploitation, according to Certik.
Read more: Polyhedra blames liquidity attacks for sudden 80% price collapse in ZKJ, promises purchase
