Security/Hacker

Blockaid: Meter is under ongoing attacks as the attacker has minted $2.3 million in wrapped MTRG and dumped it.

According to Blockaid, Meter is facing ongoing attacks on BNB Chain. Attackers are exploiting Meter Passport to mint a large amount of wrapped MTRG and sell portions on PancakeSwap. Approximately $2.3 million in unbacked wrapped MTRG has been minted through around two issuance transactions so far, and the attack remains ongoing.

Blockaid: Meter Under Sustained Attack on BNB Chain, Attacker Minted Approximately $2.3 Million in Wrapped MTRG

According to Blockaid monitoring, Meter is currently under a sustained attack on BNB Chain. The attacker exploited Meter Passport to mint a large amount of wrapped MTRG and sold some of the tokens on PancakeSwap. So far, approximately $2.3 million in unbacked wrapped MTRG has been minted through about 2 minting transactions, and the attack is still ongoing.