Crypto Hack News Today: Meter Lost $2.3M in Exploit, User Funds Safe?
The wider crypto market stayed mostly green today. But one small token turned bright red, fast. Meter Governance, the token known as MTRG, sits at the center of crypto hack news today. Attackers tore through its BNB Chain bridge in a matter of hours and rattled the whole market for that token.
The damage did not stop there. Bitget and Duelbits both reported hacks on the same day. This is one of the busiest days for crypto hack news today this year.
Key Takeaways
Meter Governance (MTRG) crashed up to 71.7% in a day. It fell from $0.00991494 to $0.002682, after attackers exploited the Meter Passport bridge on BNB Chain.
Meter confirmed a block flaw let attackers mint unbacked governance tokens worth close to $2.3 million. The team paused its mainnet and bridge right away.
Bitget flagged a $351.6 million hot wallet hack. Duelbits lost near $4.3 million. Both add to today's growing hack list.
Why Is MTRG Crashing Hard Today?
MTRG dropped as much as 71.7% in a single day. It slid from $0.00991494 down to a current price of $0.002682. The token now holds a market cap of $391,067. Its 24 hour trading volume sits at $37,400.47. That is a sharp fall for any coin, and it hit even as the broader market held green.
Source: Coingecko Data
The timing lines up with the exploit hitting the BNB Chain side of MTRG. This is the kind of event that drives crypto hack news today, since fear spreads fast once a bridge gets hit.
Crypto Hack News Today: What Did Blockaid Find On BNB Chain?
Blockaid is watching the attack closely, and its data is a key part of today's crypto hack news today. Meter is under a sustained attack on BNB Chain right now. Attackers are hitting Passport, the bridge tool that moves tokens between chains.
They are using it to mint a large amount of wrapped MTRG out of thin air. Some of that fake supply has already been sold on PancakeSwap. Blockaid says the unbacked wrapped tokens minted so far are worth around $2.3 million. It came through roughly two minting transactions. The attack was still active at the time of reporting.
How Did The Meter Team Respond To The Hack?
Meter's team posted a security update on X. The exploit began on September 23 at 21:14 UTC. An attacker used a block validation flaw to mint unbacked coins. They dumped the tokens on decentralized exchanges. Then they bridged funds out of the network. It paused both its mainnet and its bridge right after. The team told users to stop all activity on the chain.
The team's guidance to users included:
Do not send, trade, or bridge MTR, MTRG, or any token on Meter.
Do not buy MTR or MTRG on exchanges or decentralized exchanges until further notice.
Transactions after block 100731417 may not be honored.
Meter said it is working with exchanges to pause deposits and withdrawals. Chain state has been kept safe, but a recovery plan is still being worked out. The team also warned users about fake claim or refund sites. It will never message users first, and it will never ask for a seed phrase, private key, or funds. Real updates will only come from its X account and meter.io.
Two attacker addresses were shared publicly: 0xee2eeeed4ed8580669ed924abeb49f27f7d0bd65 and 0x44cf94496091150865e192a86c07b90a9760b43d. Meter is working with exchanges, security partners, and law enforcement to trace and freeze the stolen funds.
Is the User Fund Safe?
Meter says chain state has been preserved, a key detail in today's crypto hack news today update, so funds are not confirmed lost. But a recovery plan is still undecided, with no timeline shared yet. Until Meter confirms a fix, user funds on the network stay at risk, so avoid all activity for now.
More Names Join Today's Crypto Hack News Today List
Meter was not alone today. Bitget posted on X that its security team flagged unauthorized transfers from a small number of hot wallets. This happened at 18:31 UTC on September 24, 2026. The exchange started emergency response steps and opened a full probe. It says about $351.6 million in assets were hit.
Bitget's cold wallets and most platform assets stayed safe.
Separately, PeckShieldAlert flagged a suspicious outflow of about $4.3 million from Duelbits. This hit both Ethereum and BNB Chain. The funds included 836 ETH worth $2.23 million, 1.146 million USDT, 209 BNB worth $160,680, 96,805 USDC, 12.398 billion SHIB worth $70,170, and 31,515 DAI. The attacker later swapped the stolen funds into 1,587.87 ETH, worth about $4.2 million, plus 31,500 DAI.
Today's Hack Snapshot At A Glance
Here is a quick view of today's crypto hack news today, side by side.
Project | Loss / Impact | Chain | Current Status |
Meter Governance (MTRG) | ~$2.3 million unbacked tokens minted, price down 71.7% | BNB Chain (via Meter Passport) | Mainnet and bridge paused |
Bitget | ~$351.6 million affected in hot wallets | Multi-chain hot wallets | Cold wallets safe, investigation open |
Duelbits | ~$4.3 million outflow | Ethereum and BNB Chain | Funds swapped, tracing underway |
Conclusion
Today's crypto hack news shows how one bridge bug can wipe out most of a token's value in hours, even in a green market. MTRG holders now wait on Meter's next move.
Bitget and Duelbits users are watching for fund recovery updates too, as crypto scam news today keeps unfolding across chains.
YMYL Disclaimer: This piece covers a Your Money or Your Life topic. It is for information only, not financial, legal, or investment advice. Crypto assets are highly volatile, and exploits can lead to full loss of funds. Always check updates through a project's official channels first. Talk to a licensed financial advisor before making any money decision.
