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mETH Protocol: No unauthorized cmETH withdrawals occurred, and the attacker has been blacklisted
2025-02-22 12:05:54

Odaily News mETH Protocol released an update on the Bybit security incident, disclosing that a security incident occurred on Bybit resulting in the unauthorized withdrawal of mETH and cmETH from the exchange, including the exchange of 8,000 mETH for ETH through three transactions on DEX, and an unsuccessful withdrawal of 15,000 cmETH initiated through mETH Protoc. There was no risk to Mantle or mETH Protocol and the cmETH liquidity on Mantle Network L2 was reduced. The attacker's wallet address was blacklisted, thereby preventing further cmETH transfers or interactions within the protocol. Ultimately, no unauthorized cmETH withdrawals occurred, the contract has now been restored, and operations have returned to normal.