ChainBleedv0.1 · open intel
← back to feed·LOGIC2022-02-06 · 4y ago
Incident · SLOWMIST

Meter.io

Contract Vulnerability
Estimated loss
$4.30M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
LOGIC
LOGICBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2022-02/Meter_exp.sol
view forked test on github ↗

Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.

Forensic narrative

Meter.io's cross-chain bridge was hacked, resulting in a loss of around $4.3 million ( 1391.24945169 ETH and 2.74068396 BTC). 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. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 4,300,000.

Primary source
https://twitter.com/Meter_IO/status/1490103308421255168
Sourced from
slowmist
Technical record
chain
protocol
Meter.io
bug_class
logic
date_occurred
2022-02-06
loss_usd
$4,300,000
source_id
sm:meter-io::2022-02-06
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