Meter exploit mints unbacked MTR and MTRG tokens, crashing prices
Reported: Meter (Token)
Compiled by ScamMarketCap from public records
- $2.3M
- Notional value of minted tokens, per Web3 Is Going Great
- 0
- People affected
- 0
- Joined here
- 0
- Open to a lawyer
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: this case was opened from a report by Web3 Is Going Great and hasn't been verified by ScamMarketCap. If it happened to you too, add yourself to the case.
Sources
This case file is compiled from public records and established reporting. Status as of the last update, Nov 1, 2026.
Case files summarize court records, regulator actions and established reporting.
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