MAP Protocol has faced a significant attack when a malicious actor exploited the Solidity contract and caused a massive inflation of the MAPO token supply. The attacker resulted in a price drop from $0.003 to $0.0001, reaching an all-time low for the altcoin, indicating the panicked market sentiment. The news also discussed the joint efforts of external security partners witness the compromise and the outcomes of the attack.
A quadrillion token mint exploit caused MAP Protocol to plunge 96% dropping from $0.003 to $0.0001. The altcoin faced an all-time low price reflecting panicked market sentiment following an inflationary attack of unprecedented scale.
The attacker had tricked Butter Bridge the cross-chain bridge built on the MAP Protocol into minting 1 quadrillion MAPO tokens. This was nearly 5 million times the 208 million supply. The minted tokens were sent to a new externally owned account EOA. The attack was more than a compromised private wallet; it originated from the Solidity contract layer.
According to blockchain security firm Blockaid the attacker first submitted a legitimate oracle multisig signed message. They then deployed a malicious contract to a targeted address and resent a manipulated retry message. Because the message produced the same hash structure it appeared valid and enabled the exploit. The attacker also controls close to a trillion tokens.
This meant the MAP Protocol had to pause mainnet operations and start a migration process to a new contract address that will be announced soon. The latest exploit comes in a month when at least 18 DeFi and blockchain protocols were compromised including THORChain and RetoSwap. MAP Protocol faced an attack in which Butter Bridge was tricked into minting a quadrillion MAPO tokens and a billion tokens were dumped
MAP Protocol Attack Inflation Solidity Contract Cross-Chain Externally Owned Account
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Echo Protocol exploit rocked Monad – But was the $76mln figure misleading?Cross-chain fund movements intensified broader fears surrounding liquidity stability across emerging BTCFi ecosystems.
Read more »
NEAR Protocol surges 11% - Will $60M in new longs fuel more gains?NEAR activity hits 209M transactions, with a $19.49 billion market cap driving strong AI category momentum.
Read more »
South Carolina House Backs Congressional Map Favoring GOPThe bill now heads to the more skeptical state Senate, where some Republicans have questioned whether redistricting could backfire.
Read more »
How to log in with social logins in apps and online services | Social login issues persistThis news article highlights the importance of using a standard web browser and addresses social login issues in various apps and online services.
Read more »