MeterIO Decentralized Protocol Exploited for $4.3 Million

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MeterIO Decentralized Protocol Exploited for $4.3 Million
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ICYMI: $4.3 million worth of crypto stolen as a result of a hacker attack on MeterIO DeFi Bitcoin $BTC $ETH

Meter pretty well replicates the technology of ChainSwap cross-chain hub, or is simply a fork of it. But the main difference introduced by Meter developers is the change in the deposit method of the ERC20 handler.

The change assumes that the bridged token, which is a wrapped Native token, will not be burned or locked since the wrapped Native token is already unwrapped. The mentioned line of the code assumes that the bridged token is a wrapped Native token, so that it should not be burned or locked.

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