MAPO crashed by 96% after an exploit on the Butter Network cross-chain bridge allowed an attacker to mint an extremely large supply of MAPO, estimated at around a quadrillion. The fake mint overwhelmed the real supply, pushing the price down from about $0.003 to nearly $0.0001 within hours.
The attacker then sold around 1 billion MAPO using a newly created wallet, draining roughly 52 ETH (about $180,000) from Uniswap liquidity pools. Large amounts of the newly minted tokens remain in the attacker’s control, raising concerns about further market impact.
In response, MAP Protocol has suspended conversion between MAPO on its original contract and MAPO on its mainnet as it prepares a system update. The suspension affects transfers across Ethereum, BSC, and the MAP network.
Exchanges have been notified to pause deposits and withdrawals, and users have been warned to avoid trading the affected tokens on decentralized exchanges like Uniswap and PancakeSwap while the situation is being addressed.
MAP Protocol has suspended the conversion service between MAPO tokens on the original ERC20 contract address 0x66d79b8f60ec93bfce0b56f5ac14a2714e509a99 across the BSC and Ethereum networks and MAPO on the MAP Protocol mainnet. All relevant exchanges have also been notified to…
— MAP Protocol (@MapProtocol) May 21, 2026
Exchanges halt deposits and withdrawals for MAPO tokens
Exchanges have disabled deposits and withdrawals linked to the old MAPO token setup. This prevents users from moving tokens between centralized platforms during the migration process.
The project also warned users against trading MAPO on decentralized exchanges, noting that liquidity pools tied to the old contract may no longer represent valid assets.
The warning is intended to reduce exposure to unsupported trading activity while the token system is being updated.
Users warned to avoid old MAPO contract on DEX platforms
MAP Protocol urged users to avoid interacting with MAPO tokens tied to the original contract on decentralized exchanges. This includes trading pairs and liquidity pools that may still appear active but are no longer supported.
The guidance aims to prevent users from holding or trading tokens that may become invalid after migration is completed.
Meanwhile, data across the sector shows perpetual DEX volumes have dropped for five consecutive months, totalling roughly $699 billion in cumulative activity. Open interest remains flat at about $13.9 billion, while leverage demand continues to cool.
New contract and snapshot will define valid MAPO holdings
The project said a new MAPO contract will be announced later, along with an asset snapshot to determine eligible balances for conversion. Only balances recorded at the snapshot stage will qualify for migration.
Tokens linked to attacker-controlled wallets will be excluded from any future conversion or recovery process. MAP Protocol said users should rely only on official updates and wait for further instructions as the transition continues.
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