Crypto Briefing·
The exploit highlights the vulnerabilities in cross-chain bridges, undermining trust in decentralized finance and impacting token credibility. The post Map Protocol token MAPO plunges 96% after exploit mints quadrillion tokens appeared first on Crypto Briefing.
Read full articleMAPO, the native token of Map Protocol, has collapsed by 96% after attackers exploited the Butter Network cross-chain bridge to mint an enormous amount of unauthorized tokens. According to blockchain security firm Blockaid, the attacker created a quadrillion MAPO tokens…
The attacker tricked the Butter Network cross-chain bridge into minting millions more tokens than the legitimate supply of MAPO.
The incident underscores the persistent vulnerabilities in cross-chain bridges, highlighting ongoing security challenges in DeFi infrastructure. The post MAP Protocol pauses bridge between MAPO ERC-20 and mainnet after exploit appeared first on Crypto Briefing.
The rise of tokenized ETFs highlights a shift towards decentralized finance, potentially reshaping traditional market dynamics and investor behavior. The post ETFs make up 26.6% of total market cap of tokenized stocks appeared first on Crypto Briefing.
Consensys has urged the Federal Deposit Insurance Corporation to revise parts of its proposed stablecoin framework, arguing that several provisions tied to the GENIUS Act could unintentionally restrict ordinary distribution models and access to decentralized finance tools. According to a…
Decentralized finance platform Echo Protocol suffered a security breach on its Monad network deployment after an attacker compromised an administrative key. Liquidity Limits Prevent Massive Losses Echo Protocol, a decentralized finance ( DeFi) platform focused on bitcoin liquidity, was hit by a security exploit on Monday, May 18, after an attacker compromised an administrative key […]
Echo Protocol said that a compromised admin key had enabled unauthorized eBTC minting on its Monad deployment.
Echo Admin key compromise enabled $76.7M unauthorized eBTC minting. The attacker used fake eBTC to borrow and bridge real crypto assets. ECHO token dropped sharply as panic selling hit the market fast. The ECHO token came under severe pressure after a major security breach tied to the Echo Protocol led to the unauthorized minting of […] The post ECHO token plunges after $76M admin key exploit hits protocol appeared first on CoinJournal.
