May 21
Map Protocol token plummets 96% after a quadrillion token mint exploit
An attacker minted a quadrillion MAPO tokens via Map Protocol’s cross-chain bridge, crashing the token’s value 96% to $0.0001.
➤ Map Protocol's native token, MAPO, experienced a 96% price crash after an attacker minted a quadrillion tokens via the Butter Network cross-chain bridge exploit. ➤ The exploit involved a Solidity contract vulnerability, leading to the dumping of MAPO tokens on Uniswap and draining significant ETH. ➤ This incident is part of a broader trend of DeFi and blockchain protocol compromises, with Map Protocol pausing its mainnet and initiating migration.