Meta Pool, a Liquid Staking Protocol, Suffers $27M Exploit

Multi-chain liquid staking protocol Meta Pool suffered a smart contract exploit on Tuesday, resulting in the loss of $27 million.Blockchain security firm PeckShield reported that a bug in the protocol's staking contract allowed users to freely mint mpETH, the protocol's liquid staking token (LST).While an attacker managed to mint $27 million worth of the tokens, a lack of liquidity on Uniswap meant that they could only swap 10 ETH worth ($25,000).An Etherscan transaction before the exploit took place showed that an account labeled as "MEV Frontrunner Yoink" removed 90 ETH worth of liquidity from the pool source: https://www.coindesk.com/business/2025/06/17/liquid-staking-protocol-meta-pool-suffers-usd27m-exploit