Meta Pool Hacker Drains Just $132,000 In $27 Million Hack

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A hacker has managed to make off with only around $132,000 from their attack on the crypto protocol Meta Pool, which created $27 million worth of tokens they could have stolen. The attack was foiled by low liquidity and a pause on the exploited smart contract.

The attacker was able to mint 9,705 of the liquid staking protocol’s token mpETH worth nearly $27 million, but only managed to steal around 52.5 Ether (ETH), worth just over $132,000 from the liquidity swap pools, Meta Pool said in a blog post on Tuesday. 

It added that some of the affected…



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Meta Pool Hacker Drains Just $132,000 In $27 Million Hack


A hacker has managed to make off with only around $132,000 from their attack on the crypto protocol Meta Pool, which created $27 million worth of tokens they could have stolen. The attack was foiled by low liquidity and a pause on the exploited smart contract.

The attacker was able to mint 9,705 of the liquid staking protocol’s token mpETH worth nearly $27 million, but only managed to steal around 52.5 Ether (ETH), worth just over $132,000 from the liquidity swap pools, Meta Pool said in a blog post on Tuesday. 

It added that some of the affected…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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