SMC-1087CryptoCase file
Meter exploit mints unbacked MTR and MTRG tokens, crashing prices
According to Web3 Is Going Great, an exploiter minted unbacked wrapped MTR and MTRG tokens notionally priced at more than $2.3 million and sold some, crashing MTRG by over 88%. Meter attributed it to a block validation flaw and paused its blockchain and bridge. From the news:…
Reported: Meter
- Reported losses
- $2.3M
- People affected
- 0 affected