Meta Pool, a multi-chain asset-staking protocol, experienced a security exploit caused by a critical bug in its staking smart contract. This vulnerability enabled an attacker to mint 9,700 mpETH tokens, worth approximately $27 million, without staking the underlying ETH. However, the exploit's impact was limited due to the lack of liquidity of mpETH tokens. The incident highlights the risks associated with smart contract vulnerabilities in decentralized finance protocols.

<p><img>Multi-chain asset-staking protocol Meta Pool suffered an exploit due to a critical bug in its staking smart contract — a vulnerability that allowed an attacker to mint 9,700 of the protocol’s mpETH tokens, valued at around $27 million, without needing to stake the underlying ETH. mpETH is Meta Pool’s liquid ...</p>
<p>The post <a href="https://unchainedcrypto.com/meta-pools-27m-exploit-limited-due-to-mpeth-lack-of-liquidity/">Meta Pool’s $27M Exploit Limited due to mpETH Lack of Liquidity</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.</p>

Meta Pool's $27 million loss due to a vulnerability was limited by insufficient mpETH liquidity