{"id":27154,"date":"2026-04-30T13:29:45","date_gmt":"2026-04-30T13:29:45","guid":{"rendered":"https:\/\/bitunikey.com\/news\/meteora-reports-1-5-million-otc-scam-loss-in-q1-met-report\/"},"modified":"2026-04-30T13:29:56","modified_gmt":"2026-04-30T13:29:56","slug":"meteora-reports-1-5-million-otc-scam-loss-in-q1-met-report","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/meteora-reports-1-5-million-otc-scam-loss-in-q1-met-report\/","title":{"rendered":"Meteora reports $1.5 million OTC scam loss in Q1 MET report"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Meteora disclosed a $1.5 million loss tied to an OTC scam in its Q1 2026 Token Holders\u2019 Report.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_80b1c8d2f49eae4f4662803916b3858b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Meteora said $1.5 million was lost to an OTC scammer during MET token buybacks.<\/li>\n<li>The protocol reported $18.3 million net cash flow despite lower Q1 volumes and fees.<\/li>\n<li>Meteora closed Q1 with $32.8 million in treasury funds and over two years runway.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The loss happened while the team was trying to buy back MET tokens, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ir.meteora.ag\/\" target=\"_blank\" rel=\"nofollow\">according<\/a> to the report. Meteora said total cash outflows reached $7 million in Q1 2026. This was down from $30.8 million in Q4 2025.<\/p>\n<p>The report said the drop came from lower one-off costs after its TGE-heavy quarter. It also noted fewer large capital investments compared with Q4.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meteora reported $2.5 million in MET-related outflows during the quarter. This included $1 million spent buying back MET and $1.5 million lost to an OTC scammer.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Police report filed with local authorities<\/strong><\/h2>\n<p>The Q1 report said the scam happened during an attempt to buy back tokens through an OTC deal. Meteora said a police report has been filed with local authorities.<\/p>\n<p>The disclosure drew attention on X after crypto user Dr. Zuler <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/zuler\/status\/2049513229261459810?s=20\" target=\"_blank\" rel=\"nofollow\">pointed<\/a> to the loss. He wrote, \u201cNot sure how to feel about this,\u201d while noting that few teams would share such details.<\/p>\n<p>The report did not name the alleged scammer. It also did not provide further details on whether any funds may be recovered.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Volumes and fees fell in Q1<\/strong><\/h2>\n<p>Meteora reported $19.5 billion in Q1 trading volume, down 36% from the previous quarter. Total fees fell 51% to $105.9 million.<\/p>\n<p>Revenue came in at $11.4 million, down 35% quarter over quarter. The team said revenue held up better than fees as market activity cooled.<\/p>\n<p>DLMM handled 86% of volume and 54% of fees. However, DAMM and DBC pool fees rose 18% from Q4.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Treasury ends quarter with $32.8 million<\/strong><\/h2>\n<p>Meteora said cash inflows reached $25.4 million in Q1, up 30% quarter over quarter. Net cash flow stood at $18.3 million.<\/p>\n<p>The treasury closed the quarter at $32.8 million. Meteora said the protocol has more than two years of runway.<\/p>\n<p>The team also reported $1.4 million in monthly operational burn. That was 10% lower than the FY2025 run rate.<\/p>\n<p>Meteora continued MET buybacks during the quarter. It spent $1 million to acquire 7 million MET at an average price of $0.1427. Cumulative buybacks now stand at $13.7 million, covering 3.97% of total supply.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meteora disclosed a $1.5 million loss tied to an OTC scam in its Q1 2026 Token Holders\u2019 Report.\u00a0 Summary Meteora said $1.5 million was lost to an OTC scammer during&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27154"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27154\/revisions"}],"predecessor-version":[{"id":27155,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27154\/revisions\/27155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3319"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}