{"id":32274,"date":"2025-06-17T14:02:04","date_gmt":"2025-06-17T14:02:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32274"},"modified":"2025-06-17T14:02:04","modified_gmt":"2025-06-17T14:02:04","slug":"meta-pool-a-liquid-staking-protocol-suffers-27m-exploit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32274","title":{"rendered":"Meta Pool, a Liquid Staking Protocol, Suffers $27M Exploit"},"content":{"rendered":"<div>\n<p>Multi-chain liquid staking protocol Meta Pool suffered a smart contract exploit on Tuesday, resulting in the loss of $27 million.<\/p>\n<p>Blockchain security firm PeckShield <a href=\"https:\/\/x.com\/peckshield\/status\/1934895187102454206\">reported<\/a> that a bug in the protocol&#8217;s staking contract allowed users to freely mint mpETH, the protocol&#8217;s liquid staking token (LST).<\/p>\n<p>While an attacker <a href=\"https:\/\/etherscan.io\/address\/0xFDe0d1575Ed8E06FBf36256bcdfA1F359281455A\">managed to mint $27 million <\/a>worth of the tokens, a lack of liquidity on Uniswap meant that they could only swap 10 ETH worth ($25,000).<\/p>\n<p>An Etherscan transaction before the exploit took place showed that an account labeled as &#8220;MEV Frontrunner Yoink&#8221; removed 90 ETH worth of liquidity from the pool.<\/p>\n<p>Meta Pool is yet to post any updates about the exploit on social media. Total value locked (TVL) for the project still stands at $75 million, according to <a href=\"https:\/\/defillama.com\/protocol\/meta-pool\">DefiLlama<\/a>, while the protocol&#8217;s MPDAO governance token <a href=\"https:\/\/www.coingecko.com\/en\/coins\/meta-pool-dao\">trades at $0.02<\/a> on minimal volume.<\/p>\n<p>The exploit continues a trend from May that saw investors lose $302 million to hacks, scams and exploits, according to <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/02\/usd302-million-lost-to-crypto-scams-hacks-and-exploits-in-may-certik\">CertiK<\/a>.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/06\/17\/polyhedra-blames-liquidity-attacks-for-sudden-80-price-drop-in-zkj-promises-buyback\">Polyhedra Blames Liquidity Attacks for Sudden 80% Price Drop in ZKJ, Promises Buyback<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Multi-chain liquid staking protocol Meta Pool suffered a smart contract exploit on Tuesday, resulting in the loss of $27 million. Blockchain security firm PeckShield reported that a bug in the protocol&#8217;s staking contract allowed users to freely mint mpETH, the protocol&#8217;s liquid staking token (LST). While an attacker managed to mint $27 million worth of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32274","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32274"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32274\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}