Metapool confirmed ~$47,000 exploits at Ethereum, and MPETH contract paused for investigation

Metapool has confirmed that exploit mpeth (Liquid Stake Ethereum) The Ethereum blockchain agreement caused a theft of approximately $47,000.

Key takeout

• Meta Pool has confirmed a $47,000 exploit on an MPETH Ethereum contract caused by fraudulent token mint in the MPETH contract.
• The attack was quickly contained thanks to early detection, and the contract was suspended, and all transfers were invalidated to prevent further losses.
• The early 913 Ethereum is soaked, and it is not affected. Considering that the contract has been suspended
• A full investigation is ongoing as Metapool prioritizes transparent recovery plans and long-term security.
• Remaining staking agreements for Aurora, Internet Computer, Nearby, Q, Story, Solana Not affected.

Attacks containing illicit mint in token via ERC4626 mint() Features are quickly detected by security researchers and included in the founding team.

in Official Statement For that community, the meta pool explained that the exploits occur early in the day, with initial ratings indicating that attackers can illegally create tokens and encourage immediate action.

Thanks to the initial detection system, the founding team was able to move quickly and suspend smart contracts, further preventing unauthorized activity or additional losses.

The team emphasized that they are now assessing the broader impact of events beyond the standard bridge of decentralized exchange (DEX) and optimism (OP).

As the investigation continued, Metapool promised to conduct a full analysis of the attack vector to understand exactly how the vulnerability was exploited.

Resolving security issues is a top priority now, and developers are actively working to patch vulnerabilities to ensure user funding and system integrity. In addition to the technical efforts of the BlockSec team, Meta Pool is preparing a transparent and practical recovery plan to present to the community once the situation is fully understood.

According to the team, the goal is to maintain user trust by dealing with incidents responsibly and making their responses transparent and proactive.

The MPETH agreement will remain suspended while investigations and necessary mitigation measures are in progress. Meta Pool reiterated that protocols and user assets were protected as a top priority and thanked them for their patience and support during this period.

Users with questions or concerns are advised to open a ticket via Meta Pool’s official Discord server.

Further updates will be provided as more detailed information becomes available. Meta Pool’s response highlights the growing importance of robust security practices in Defi, especially as platforms continue to expand across multiple chains and protocols.

The rapid containment of incidents unfortunately demonstrates the value of rapid incident response in minimizing damage and maintaining community trust.