- Token shopping mall lost 96% of the cost was lost due to hacker attack.
- intruder cheating made platform Butter Network to let out Millions of tokens.
- Incident revealed serious risks в field security Block-projects.
The price of MAPO, the native token of Map Protocol, has plummeted 96% due to the actions of a scammer who minted a quadrillion MAPO tokens after hacking the Butter Network cross-chain bridge.
Due to the fact that tens of thousands of times more MAPO appeared on the market than the white paper envisaged, the cryptocurrency’s price fell from $0,003 to $0,0001 in a matter of hours, according to According to CoinGecko. Later token recovered slightly to $0,002.
On information Blockaid, a hacker created a new external account (EOA) and used it to withdraw approximately 1 billion MAPO (approximately $180,000) from liquidity pools. UniswapAt the same time, he retained nearly a trillion tokens, which still pose a threat to other pools and potential exchange listings.
Neither private keys nor light clients were stolen; it was a classic vulnerability in the Solidity language related to several dynamic fields, Blockaid explained.
In Map Protocol confirmed, that the error was in the Solidity contract layer. The mainnet has been suspended, a migration has begun, and the investigation is ongoing.
Any remaining tokens held at addresses controlled by the attackers will be completely invalidated and will not be counted in future snapshots or conversions, the statement said. communication protocol.
Butter Network announced that it has suspended ButterSwap, but that user funds are safe.
This is already the 18th attack on DeFi и Block- protocols for the last month. The hackers’ actions have already affected THORChain, Ethereum-bridge Verus Protocol, Transit Finance, TrustedVolumes, Ekubo, Echo Protocol and RetoSwap.
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