Metallicus-built swap software exploited as 1.1B $XPR, 4.2B $LOAN and 12.8M $METAL are drained
AI Market Summary
Metallicus' swap software was exploited, with roughly 1.1B XPR moved to KuCoin alongside large LOAN and METAL outflows. The incident raises immediate counterparty and smart-contract security concerns, increasing perceived sell pressure and liquidity risk for the affected tokens and nearby venues. While the direct price hit is localized, such exploits typically weigh on broader crypto risk appetite and near-term sentiment.
Impact level
● Medium
Affected assets
BTC/USDT+2.65%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Swap software developed by Metallicus was exploited, with an attacker draining 1.1B $XPR and sending the tokens to Kucoin. The attacker also took 4.2B $LOAN and 12.8M $METAL. Following the incident, $XPR has fallen 7%. The hack has sparked broader community scrutiny over the security of the related projects.
