A hacker targeted the crypto protocol Meta Pool, managing to steal approximately $132,000 despite the potential to take $27 million worth of tokens. The attack was mitigated by low liquidity and a swift pause on the compromised smart contract. The attacker minted 9,705 mpETH tokens but could only extract around 52.5 Ether (ETH) from the liquidity pools. Meta Pool's blog post highlighted that the low liquidity of some pools hindered the attack's success, and their early detection systems allowed for a quick response to prevent further losses. Co-founder Claudio Cossio noted that the hacker exploited a 'fast unstake functionality,' bypassing the usual waiting period for transferring unstaked crypto. Blockchain security firm PeckShield identified a critical bug in the staking contract that enabled the unauthorized minting of mpETH. Meta Pool assured users that all staked Ethereum remains secure and is being validated by SSV Network operators. A detailed post-mortem and recovery plan are expected soon. Read more AI-generated news on: https://app.chaingpt.org/news

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