May 21
MAPO crashes to record lows, bridge attack overwhelms circulating supply
MAPO crashed 96% after attackers exploited the Butter Network bridge to mint unauthorized tokens and drain ETH from liquidity pools.
➤ MAPO token experienced a 96% crash due to an exploit on the Butter Network bridge, which allowed attackers to mint a quadrillion unauthorized tokens. ➤ The exploit drained approximately 52 ETH from Uniswap liquidity pools, and the attacker still holds a significant amount of the minted MAPO tokens, posing a continued threat. ➤ Map Protocol confirmed the issue stemmed from a Solidity contract vulnerability, not compromised keys, and has initiated a migration process while investigating the incident.