Meta Pool Exploited for $27 Million in mpETH; Attacker Liquidates Just $25,000
Liquid-staking platform Meta Pool disclosed that an attacker exploited a vulnerability in one of its smart contracts on 17 June, illicitly minting 9,700 mpETH tokens with a notional value of about $27 million. Blockchain data indicate the perpetrator was able to exchange only roughly $25,000 of the newly created tokens on Uniswap because of limited market liquidity, leaving the bulk of the mpETH effectively frozen. Meta Pool said it is investigating the breach and working with security specialists to identify the vulnerability, while the incident adds to a growing list of decentralized-finance hacks in 2025.
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HACKERS STEAL 9,700 MPETH WORTH $27M IN META POOL EXPLOIT Hackers have drained 9,700 MPETH tokens valued at $27 million after exploiting a vulnerability in Meta Pool’s smart contract. The attack adds to the growing list of DeFi protocol breaches in 2025, raising fresh concerns https://t.co/eoL3EKnnAy https://t.co/m36G7BCmPR
CoinDesk JUST IN: 🚨 Liquid staking protocol Meta Pool suffers a $27M exploit. The attacker minted $27M in tokens, but was only able to swap approximately $25K due to low liquidity on Uniswap. https://t.co/RqCjJktb2j
BecauseBitcoin.com [COINDESK] Meta Pool, a Liquid Staking Protocol, Suffers $27M Exploit
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