MAPO Crashes 96% After Quadrillion-Token Mint via Butter Bridge

MAP Protocol (MAPO) fell about 96% after a quadrillion-token mint exploit routed through its cross-chain Butter Bridge. The token dropped from roughly $0.003 to $0.0001, with an all-time-low print that triggered panic selling. Reports say the attacker deceived Butter Bridge into minting 1 quadrillion MAPO—far beyond the existing ~208M supply—and sent the tokens to an externally owned account (EOA). Within about an hour, nearly 1 billion MAPO was reportedly dumped into Uniswap liquidity pools, draining around 52 ETH (≈$180k). Blockaid also noted the attacker may control close to 1 trillion MAPO, leaving overhang risk for other pools and potential listings. MAP Protocol said it paused mainnet operations and the bridge between mainnet MAPO and the MAPO ERC-20 contract, while coordinating with external security partners and preparing migration to a new contract address. It said pending swaps were held. The bug was described as originating in the Solidity/oracle layer (not stolen private keys): a legitimate oracle multisig-signed message was used first, then a malicious contract and manipulated “retry” message preserved the expected hash structure to make the bridge accept the mint. For traders, this is another reminder that cross-chain infrastructure remains a high-risk vector. With MAPO facing supply overhang and exchange/liquidity uncertainty, near-term price pressure is likely, while long-term recovery depends on contract migration, invalidation plans, and whether attacker-held MAPO can be effectively neutralized.
Bearish
The direct impact on MAPO is strongly negative. A quadrillion-token mint creates immediate supply/dilution fears and confirms active distribution behavior (dumping into Uniswap), which typically accelerates sell pressure and can worsen liquidity. Even with bridge pausing and swaps held, the reported attacker-controlled token overhang (up to ~1 trillion MAPO) raises the probability of further market disruption in the near term. Broader cross-chain hack context also supports a risk-off sentiment toward affected assets.