According to blockchain security firm PeckShield, a bug in Meta Pool's smart contract allowed users to freely mint mpETH tokens, leading to a $27 million exploit. Due to low liquidity on Uniswap, the attacker could only swap $25,000 worth of tokens, minimizing immediate market impact. Per DefiLlama, Meta Pool's total value locked remains $75 million, and its governance token MPDAO trades at $0.02 with minimal volume. CertiK reports that such exploits contributed to $302 million in losses during May, signaling heightened security risks for ETH-based liquid staking protocols and potential volatility in related crypto assets.