Digital Asset
Intelligence
Security Incident

Meteora Social Engineering: $1.50M Reported Loss

·Historical incident record

Incident Overview

Meteora suffered a $1.5 million USDC loss in a fake OTC escrow scam while attempting to buy back its $MET token. Scammers deceived the team using a fraudulent escrow setup for an OTC deal. This was not a smart contract exploit but a social engineering attack. The incident was disclosed in Meteora’s Q1 2026 Token Holder Report, where they also mentioned filing a police report. The protocol used $1M USDC for legitimate buybacks separately.

Sources & References

Original incident referencehttps://www.mexc.com/zh-TW/news/1064102 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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