According to @PolynomialFi, the multi-chain liquid staking protocol Meta Pool has been exploited for $27 million due to a smart contract bug that allowed for the free minting of its mpETH token. Blockchain security firm PeckShield reported the bug, noting that while an attacker minted $27 million in mpETH, they could only exchange 10 ETH (approximately $25,000) due to low liquidity on Uniswap. The protocol's MPDAO governance token currently trades at $0.02. In separate news, the Solana-based decentralized exchange Jupiter is pausing all DAO votes until the end of 2025, citing a "breakdown in trust" and a need to focus on a critical development period for DeFi. Jupiter executive Kash Dhanda confirmed that while votes are paused, active staking rewards (ASR) will continue at 50 million JUP per quarter. The JUP token has declined 21.8% over the past 30 days and was trading at $0.40 with minimal reaction to the news.

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.