Cryip
  • Home
  • Crypto News Today
  • Research & Analysis
  • Learn Crypto
No Result
View All Result
Cryip
  • Home
  • Crypto News Today
  • Research & Analysis
  • Learn Crypto
No Result
View All Result
Cryip
No Result
View All Result
Home Crypto News Today Security & Hacks

MAP Protocol’s MAPO Token Crashes Nearly 96% After Major Butter Bridge Exploit

MAP Protocol’s MAPO token plunged after hackers exploited a vulnerability in the Butter Bridge, minting massive fake token supplies and triggering panic across the crypto market.

Saravana Kumar Mahendran by Saravana Kumar Mahendran
May 21, 2026
in Security & Hacks
0 0
MAP Protocol

Created By Cryip

Share on FacebookShare on Twitter
MakeCryipCryippreferred onGoogle

MAP Protocol has suffered a major security incident after hackers exploited a critical vulnerability in its Butter Bridge infrastructure, causing the project’s native MAPO token to crash nearly 96% within hours. The exploit allowed attackers to mint an enormous quantity of fake MAPO tokens, triggering panic selling and severe market disruption across the ecosystem.

Security firm Blockaid first identified the attack on May 20, reporting that the attacker successfully minted approximately 1 quadrillion MAPO tokens, estimated to be nearly 4.8 million times larger than the legitimate circulating supply at the time. The unauthorized minting rapidly flooded the market and caused one of the sharpest token collapses seen in recent crypto history.

🚨 Community alert@MapProtocol / @ButterNetworkio bridge exploited on Ethereum and Bsc.

Attacker tricked Butter Bridge V3.1 (OmniServiceProxy) into minting ~1 quadrillion MAPO — about 4.8M× the legitimate ~208M supply — directly to a brand-new EOA.

More details in🧵

— Blockaid (@blockaid_) May 20, 2026

How the Butter Bridge Exploit Happened

The exploit targeted the Butter Bridge, a cross-chain service designed to help users transfer assets between blockchain networks including Ethereum and BNB Smart Chain.

According to early reports, the attacker abused a flaw in the bridge’s verification mechanism, allowing the system to incorrectly generate massive amounts of MAPO tokens without legitimate backing. After minting the fake assets, the attacker sold part of the tokens into liquidity pools and extracted an estimated $110,000 to $180,000 worth of assets before the market collapsed.

Before the exploit, MAPO traded near $0.003. Within hours of the attack, the token crashed to roughly $0.00009, erasing almost all of its market value during the peak of the sell-off.

Current Market Situation

MAP Protocol
MAP Protocol

As of May 21, 2026, MAPO is trading near $0.0020, representing a decline of roughly 34% over the past 24 hours. The token currently ranks around #1110 by market capitalization, with an estimated market cap of $12.6 million.

Trading activity surged sharply following the exploit, with more than $4.3 million in daily trading volume recorded during the period of heightened volatility. The circulating supply remains approximately 6.2 billion MAPO tokens.

Despite a partial rebound from the day’s lowest levels, MAPO remains highly volatile and is still down more than 99% from its all-time high of $0.2726.

Recovery Measures Announced by the Team

The teams behind MAP Protocol and Butter Network responded quickly after the exploit was discovered, taking immediate steps to limit further damage and stabilize the ecosystem. The affected Butter Bridge services were paused shortly after the attack was identified, while the team confirmed that users’ pending transactions and regular bridge funds remain safe.

The project is now preparing a broader recovery and migration plan for legitimate holders, which includes deploying a new token contract and taking a blockchain snapshot to separate authentic balances from the attacker-generated fake tokens. The teams also warned users not to interact with suspicious MAPO tokens and advised the community to revoke unnecessary wallet approvals until official recovery and migration instructions are released through verified channels.

Ongoing Risks and Market Impact

Although the attacker managed to cash out only a portion of the stolen value before the token collapsed, a large quantity of the fake MAPO tokens reportedly remains under the attacker’s control. This continues to create uncertainty surrounding liquidity conditions and future market stability for the token.

The incident once again highlights the ongoing security risks tied to cross-chain bridge infrastructure, which has repeatedly become a major attack target within the cryptocurrency industry. Even without private key theft, vulnerabilities in bridge validation systems can allow attackers to create unauthorized assets at massive scale and severely impact investor confidence.A similar pattern was recently observed in the Solv Protocol exploit, where a smart contract vulnerability led to millions in losses from the Bro Vault, further raising concerns around DeFi protocol security.

Safety Tips for Crypto Users

Users interacting with bridge protocols and decentralized finance platforms should remain cautious during periods of instability and market stress.

Important precautions include:

  • Use only trusted and widely audited bridge platforms
  • Carefully review wallet approvals before signing transactions
  • Monitor official announcements from project teams before taking action
  • Avoid trading suspicious or newly minted tokens during exploit events
  • Diversify holdings to reduce exposure to single-project risks
  • Consider using blockchain security tools that can detect malicious approvals or suspicious smart contracts

Legitimate MAPO holders are advised to closely monitor updates from MAP Protocol and Butter Network regarding token recovery procedures, migration timelines, and further security announcements.

Disclaimer: Cryip's content is strictly for educational and informational purposes and does not constitute financial, legal, or investment advice. Cryptocurrency involves significant risk, and readers assume full responsibility for their own financial decisions. Asset references are never endorsements.

To make complex crypto topics accessible to readers at all experience levels, our team uses AI tools strictly to refine language, correct grammar, and simplify terminology. AI is never used to draft facts, source information, or form conclusions. Every article is fact-checked and approved by a human editor before publication. Read our full AI Use & Content Policy.

Tags: Crypto Hacks
Saravana Kumar Mahendran

Saravana Kumar Mahendran

Saravana Kumar Mahendran is a crypto security analyst and blockchain researcher at Cryip, focusing on DeFi protocol exploits, Web3 security systems, and on-chain investigation. His research applies OSINT and fact-checking methodology to security incidents, drawing on certifications in cybersecurity and data analytics (LinkedIn Learning), and DeFi deep-dive training (Binance Academy). His work has been cited by Sherlock, Rekt.news, and Halborn Security.

Related Posts

Security & Hacks

BounceBit Shuts Down Its Blockchain After Exploit Drains a Quarter of BB’s Circulating Supply

by Saravana Kumar Mahendran
August 22, 2026

BounceBit will permanently retire its two-year-old Layer 1 chain after an attacker drained 286.5 million BB tokens, about $3.1 million,...

Read moreDetails
MANTRA Chain Halts Network After Confirming Attacker Exploited Upstream Vulnerability

MANTRA Chain Halts Network After Confirming Attacker Exploited Upstream Vulnerability

August 21, 2026
Binance Says It Stopped a $1.2M DAO Attack, but Won’t Name the Target

Binance Says It Stopped a $1.2M DAO Attack, but Won’t Name the Target

August 19, 2026
Maya Protocol Hack: Why the Recovery Plan Mirrors THORChain’s Old Playbook

Maya Protocol Hack: Why the Recovery Plan Mirrors THORChain’s Old Playbook

August 19, 2026
Trezor’s Third Vendor Breach in Four Years Lands Amid a Wider Logistics Data-Leak Wave

Trezor’s Third Vendor Breach in Four Years Lands Amid a Wider Logistics Data-Leak Wave

August 14, 2026
Boltz Hands Over Control, But Won’t Say Who’s Taking It or How Much Was Lost

Boltz Hands Over Control, But Won’t Say Who’s Taking It or How Much Was Lost

August 13, 2026
Harmony Confirms Suspected Exploit as ONE Price Drops Over 30%

Harmony Confirms Suspected Exploit as ONE Price Drops Over 30%

August 12, 2026
Next Post
US Lawmakers Unveil Bill Requiring IRS Review of Crypto Tax Exemptions for Small Transactions

US Lawmakers Unveil Bill Requiring IRS Review of Crypto Tax Exemptions for Small Transactions

Kalshi Secures $200 Million Led by Baillie Gifford and Layer Global Amid Prediction Market Growth

Kalshi Secures $200 Million Led by Baillie Gifford and Layer Global Amid Prediction Market Growth

Recommended

  • All
  • Crypto News Today
Uniswap's Record UNI Burn Didn't Move Price or Scare Off Liquidity

Uniswap’s Record UNI Burn Didn’t Move Price or Scare Off Liquidity

August 22, 2026
SOL’s Short Squeeze Didn’t Last: Longs Took the Bigger Hit by Day’s End

SOL’s Short Squeeze Didn’t Last: Longs Took the Bigger Hit by Day’s End

August 22, 2026
Crypto Groups Sue Illinois Over 0.2% Digital Asset Tax

Crypto Groups Sue Illinois Over 0.2% Digital Asset Tax

August 22, 2026
World Liberty Disputes Justin Sun’s Account of the Court Hearing He Called a Win

World Liberty Disputes Justin Sun’s Account of the Court Hearing He Called a Win

August 22, 2026
Sandbox SAND Token Hit by Base Exploit as Minted Supply Remains Unclear

Sandbox SAND Token Hit by Base Exploit as Minted Supply Remains Unclear

August 22, 2026
Jesse Pollak Defends Coinbase’s Ethereum Holdings Amid Selling Criticism

Jesse Pollak Defends Coinbase’s Ethereum Holdings Amid Selling Criticism

August 22, 2026
>Nomura's Laser Digital Registers as Japan's First New Crypto Exchange Since 2022

Nomura’s Laser Digital Registers as Japan’s First New Crypto Exchange Since 2022

August 22, 2026

Ethereum Rallies on Treasury and SEC News, But Its Biggest Buyer Has Gone Quiet

August 22, 2026

Cryip focuses on crypto research and on-chain analysis, supported by coverage of markets, regulation, security events, and blockchain ecosystems.

Recent Posts

  • Zcash reclaims $800 as Grayscale pushes its ETF conversion closer to launch
  • Uniswap’s Record UNI Burn Didn’t Move Price or Scare Off Liquidity
  • SOL’s Short Squeeze Didn’t Last: Longs Took the Bigger Hit by Day’s End

Categories

  • AI News
  • Data & Dashboards
  • DeFi Basics
  • Investing Basics
  • Market & Price
  • Market Updates
  • On-Chain Analysis
  • OpSec
  • Policy & Regulation
  • Post Mortems
  • Press Release
  • Reports
  • Research & Analysis
  • Scams & Fraud
  • Security & Hacks
  • Stablecoins
  • Tokenomics
  • VC & Funding
  • Wallets & Custody

Company

  • About Us
  • Contact Us
  • Editorial Standards & Integrity
  • Our Team
  • Privacy Policy
  • Review Methodology
  • Terms and Conditions
  • Trust, Disclosures & Independence

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Crypto News Today
  • Research & Analysis
  • Learn Crypto

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.