Meter is currently under an active exploit on BNB Chain, with attackers leveraging a vulnerability in Meter Passport to mint unbacked wrapped MTRG tokens. Security firm Blockaid reports that approximately $2.3 million in unbacked tokens have been created through roughly two minting transactions so far. The attacker has already begun liquidating the illicitly minted assets on PancakeSwap. The exploit remains ongoing as of the latest monitoring data, indicating continued risk to the protocol and its users.