A hacker managed to coordinate with only around 132,000 US dollars from his attack on the Crypto Protocol Meta Pool, which creates token value 27 million US dollars that they might have stolen. The attack was thwarted by low liquidity and a break to the exploited intelligent contract.
The attacker was capable of infer 9,705 of the token -Mpeth by Liquid Stakel Protocol value almost 27 million US dollars, but only managed to steal around 52.5 ether (ETH), which assumes a price of just greater than 132,000 US dollars from the liquidity -swap pools, Meta Pool said in a blog post on Tuesday.
It added that a few of the people concerned had little liquidity and volumes, which made it harder that the attack was carried out, and its “early detection systems” quickly prompted his team to the affected contract and forestall “further non -authorized activities or additional losses”.
Source: Meta pool
Hacker used the “Fast Unstake” function
In an X-Post on Tuesday, the meta-pool co-founder Claudio Cossio said that the hacker had exploited a “quick unstapl functionality” that permits them to make hundreds of mpeth tokens.
In general, after not uninterrupted crypto, there may be a waiting time before it becomes transferable. In the event of fast intake, also known as a flash, the waiting time is invalid, provided that specific conditions are met.
Peckshield Peckshield, the blockchain security company, indicated that the employment contract had a “critical mistake” that enabled the hacker to make Mpeth freed from charge to Mpeth, however the “low liquidity of Mpeth limited the profit”.
The Meta Pool team said that the attack “was not authorized by the ERC4626 MINT () function”.
Exceptional pools
After the mpeth had shaped the mpeth, he used most of it to dismiss the SWAP pools of 52.5 ETH, which concerns several Ethereum most important network and optimism pools.
However, the Meta -Pool team said that an affected optimism pool had “low liquidity and volume”.
“It needs to be deleted that each one Ethereum demolished within the SSV network operators are protected, the blocks validated and the rewards for the Ethereum Mainnet,” said the Meta pool team.
According to the META pool team, a whole post-mortem of the incident is anticipated in the subsequent two days. In the meantime, the mpeth contract concerned stays stopped while the investigation continues.
The META pool promised “to reimburse the assets lost by this incident and to be sure that users are made” whole “.
Krypto protocols met with heroic deeds
Alex Protocol, a Bitcoin decentralized financial platform on the Stacks Blockchain, suffered an exploit with losses of $ 8.3 million after a foul actor used a mistake in self-listing logic to alleviate the liquidity from several wealth pools.
In the meantime, the Crypto Exchange Bitopro, based in Taiwan, confirmed on June 2 that a security violation on May 8 led to the lack of assets of greater than $ 11.5 million.
