Meta Pool hit with $27M exploit, but attacker flees with only $132K

Meta Pool says an early detection system discovered the exploit, allowing it to pause the affected smart contract and prevent further losses.

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 pools had low liquidity and volumes, making it harder for the attack to be carried out, and its “early detection systems” helped its team quickly pause the affected contract, preventing “further unauthorized activity or additional losses.”

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