Meter Under Ongoing Attack on BNB Chain; $2.3M in Wrapped MTRG Minted and Sold

The exploit targets Meter Passport, the bridge that issues wrapped MTRG, so the immediate damage is to the integrity of that wrapped asset rather than Meter's base chain. An attacker minting unbacked tokens and selling into PancakeSwap liquidity is the classic bridge failure mode: the loss lands on traders and liquidity providers holding the wrapped token. Because the attack is described as ongoing, the key question is whether the minting and selling can be halted before more unbacked supply reaches the market.