Map Protocol token plummets 96% after a quadrillion token mint exploit

CoinTelegraph·

Map Protocol token plummets 96% after a quadrillion token mint exploit

60-second summary

The Map Protocol token is plummeting 96% after a quadrillion token mint exploit, with an attacker tricking the Butter Network cross-chain bridge into minting millions more tokens than the legitimate supply of MAPO, resulting in a massive over-issuance of tokens, severely devaluing the asset and causing a significant loss for investors, highlighting the risks of cross-chain bridges and the importance…

The attacker tricked the Butter Network cross-chain bridge into minting millions more tokens than the legitimate supply of MAPO.