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this post was submitted on 03 Oct 2023
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Clickbaity title.
Yes it's being exploited, yes you should update, but the vulnerability is not actively exploited in Firefox as far as we (they) know of.
It should also be noted here (you know, TL;DR) that it's also fixed in:
Firefox ESR 115.3.1
Firefox Focus for Android 118.1
Firefox for Android 118.1
Thunderbird 115.3.1
https://www.mozilla.org/en-US/security/advisories/mfsa2023-44/
And Tor Browser 12.5.5 which has backported the security fixes from Firefox ESR 115.3.1.
Anyone using Tor browser should know that they should check it's updating status before using it. Thankfully it checks itself but still, stay up to date before you browse.