Security Incident
Meteora Social Engineering: $1.50M Reported Loss
Meteora suffered a $1.5 million USDC loss in a fake OTC escrow scam while attempting to buy back its $MET token.
- Reported loss
- $ 1,500,000
- Attack category
- Social Engineering
Incident Overview
Scammers deceived the team using a fraudulent escrow setup for an OTC deal. This was not a smart contract exploit but a social engineering attack. The incident was disclosed in Meteora’s Q1 2026 Token Holder Report, where they also mentioned filing a police report. The protocol used $1M USDC for legitimate buybacks separately.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.