Meter Passport under ongoing attack on BNB Chain; attacker has minted and sold approximately $2.3 million worth of unbacked wMTRG
BIBIBI
AT A GLANCE
Blockaid monitoring indicates that Meter is under an ongoing attack on BNB Chain, with approximately $2.3 million worth of unbacked wrapped MTRG minted.
Article
Blockaid: Meter is under an ongoing attack, with the attacker having minted and sold $2.3 million worth of wrapped MTRG
PANews, September 24: According to monitoring by Blockaid, Meter is currently under an ongoing attack on BNB Chain. The attacker is using Meter Passport to mint large amounts of wrapped MTRG and has sold some of the tokens on PancakeSwap. Approximately 2 minting transactions have so far created about $2.3 million worth of unbacked wrapped MTRG, and the attack is ongoing.
PANews relayed Blockaid’s monitoring information on September 24.
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Blockaid monitoring indicates that Meter is currently under an ongoing attack on BNB Chain.
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The attacker allegedly used Meter Passport to mint a large amount of wrapped MTRG.
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The attacker has sold some of the tokens on PancakeSwap.
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Approximately 2 minting transactions currently involve about $2.3 million worth of unbacked wrapped MTRG.
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The source states that the attack is ongoing.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
In simple terms, someone allegedly used Meter Passport to create wrapped MTRG without corresponding backing and sold some of it on PancakeSwap; the activity had not stopped when the report was published.
Why it matters to readers
Unbacked tokens have been minted and partially sold, and the attack is ongoing, creating continuing risks for the relevant tokens and trading activity.
Beginners should treat this as a developing security incident; the source provides only Blockaid’s monitoring and PANews’ account, which is insufficient to independently verify all details.
Risks and unknowns
The material does not provide the on-chain transaction hashes for the relevant minting transactions.
The material contains no confirmation or response from Meter’s official channels.
The attack’s specific technical details, the party bearing the losses, and the final total amount minted remain unclear.
“Approximately $2.3 million” is a valuation reported in the source; the material does not explain the valuation method.
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Related concepts
wrapped MTRG
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