Meter.io Contract Vulnerability: $4.30M Reported Loss
Meter.io's cross-chain bridge was hacked, resulting in a loss of around $4.3 million ( 1391.24945169 ETH and 2.74068396 BTC).
- Reported loss
- $ 4,300,000
- Attack category
- Contract Vulnerability
Incident Overview
The hacker was able to exploit a vulnerability in the deposit function, which allowed them to fake BNB or ETH transfers. Meter.io announced that Meter Passport (a cross-chain bridge extension) automatically wraps and unwraps Gas Tokens (such as ETH and BNB) for user convenience. However, the contract did not prohibit the wrapped ERC20 Token from interacting directly with the native Gas Token, nor did it properly transfer and verify the correct amount of WETH transferred from the caller address.
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.