Site language
Ru En
Социальные сети

forklog.media MAPO Token Plummets 96% Following Hack

The price of Map Protocol's native token (MAPO) plummeted by 96% due to a vulnerability in the cross-chain bridge Butter Network. Hourly chart of MAPO/USDT on HTX exchange. Source: TradingView. The perpetrator exploited a bug in a Solidity smart contract, issuing a quadrillion new coins. 🚨 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 The value of MAPO fell to $0.00009 within hours. The scale of issuance exceeded the market supply by tens of thousands of times. At the time of writing, prices had recovered to $0.002. The hacker managed to sell about a billion tokens through Uniswap liquidity pools, netting 52 ETH (~$110,000). Blockaid experts reported that nearly a trillion MAPO remains in the hacker's wallet, posing a threat to liquidity on other exchanges. Technically, the attack was possible due to a flaw in message verification logic. The hacker sent a fake request for transaction replay, which the bridge recognized as valid. Project keys were not compromised. The Map Protocol team has halted the main network and is preparing a migration to a new contract. Developers promised to take a snapshot of user balances for the distribution of new assets. Tokens in the hacker's addresses will be annulled. 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 Butter Network stated that user funds are secure. Update on ButterSwap:Investigation is targeted to conclude within the next 12 hours. Pending swaps will be processed once it is safe to resume.To reiterate: user funds are not at risk, and every affected swap will be processed in full once it is safe to resume. https://t.co/UEqn6bZ2wW— ButterNetwork (@ButterNetworkio) May 20, 2026 Map Protocol positions itself as a compatibility layer for asset exchange between Bitcoin and networks like Ethereum, BNB Chain, TRON, and Solana. In April, a record number of hacks were recorded in the crypto industry for a single month. More than 20 incidents resulted in losses of $651 million. In May, hacking attacks targeted Ekubo, TrustedVolumes, THORChain, Verus, and Echo.

blockonomi.com Michael Saylor Says Bitcoin Will Beat the S&P 500 Over Time

TLDR Michael Saylor said Bitcoin will outperform the S&P 500 over time. He made the statement during a Thursday appearance on CNBC’s Squawk Box. Saylor said Strategy expects Bitcoin to deliver about 30% annual returns. He linked that forecast to his $13 million Bitcoin price target for 2045. Saylor said institutional adoption and fixed supply [...] The post Michael Saylor Says Bitcoin Will Beat the S&P 500 Over Time appeared first on Blockonomi.

news.bitcoin.com Moonpay Acquires Decent to Power Institutional Onchain Execution Across 200 Chains

Moonpay has launched Moonpay Trade, a cross-chain execution platform that gives financial institutions and enterprises access to more than 200 blockchains and protocols through a single API integration, the company explained in the announcement shared with Bitcoin.com News. Moonpay Trade Launches With Cross-Chain Access to 200+ Protocols for Banks and Asset Managers The platform is […]

cryptobriefing.com Rubio warns Iran’s Hormuz tolling system would kill diplomatic deal as Tehran collects fees in Bitcoin and USDT

Iran's use of digital currencies for tolls in the Strait of Hormuz challenges global diplomacy, impacts energy prices, and pressures crypto regulation. The post Rubio warns Iran’s Hormuz tolling system would kill diplomatic deal as Tehran collects fees in Bitcoin and USDT appeared first on Crypto Briefing.

cryptobriefing.com GitHub struggles for survival amid outages and leadership turmoil, and crypto developers are caught in the crossfire

GitHub's instability threatens crypto project timelines, potentially impacting token valuations and prompting shifts to alternative platforms. The post GitHub struggles for survival amid outages and leadership turmoil, and crypto developers are caught in the crossfire appeared first on Crypto Briefing.

blockonomi.com Ethereum Foundation Faces Heat After Feist’s $1B Proposal

TLDR Dankrad Feist proposed creating a new Ethereum-focused organization with at least $1 billion in funding. He said the new group should be economically aligned with Ethereum and accountable to the community. Feist argued that the organization should have competent leadership and a board with stronger oversight. He said the group should also have a [...] The post Ethereum Foundation Faces Heat After Feist’s $1B Proposal appeared first on Blockonomi.

cryptobriefing.com Russia delivers nuclear warheads to Belarus for military drills, raising geopolitical risk for crypto markets

Increased military cooperation between Russia and Belarus heightens geopolitical tensions, potentially destabilizing Eastern European crypto markets. The post Russia delivers nuclear warheads to Belarus for military drills, raising geopolitical risk for crypto markets appeared first on Crypto Briefing.

cryptobriefing.com Irish authorities recover another 500 Bitcoin from drug dealer Clifton Collins, totaling 1,000 BTC worth $73M this year

The recovery highlights enhanced law enforcement capabilities in crypto, reinforcing the legitimacy and security of regulated custody solutions. The post Irish authorities recover another 500 Bitcoin from drug dealer Clifton Collins, totaling 1,000 BTC worth $73M this year appeared first on Crypto Briefing.

cryptobriefing.com Russia delivers nuclear warheads to Belarus for military drills, raising energy and crypto mining questions

The military drills could exacerbate regional energy volatility, impacting crypto mining profitability and potentially triggering economic sanctions. The post Russia delivers nuclear warheads to Belarus for military drills, raising energy and crypto mining questions appeared first on Crypto Briefing.

blockonomi.com Mark Cuban Dumped Bitcoin, Says Hedge Thesis Fell Short

TLDR Mark Cuban said he sold most of his Bitcoin after losing confidence in its hedge role. He stated Bitcoin failed to rise during geopolitical tension and a weaker dollar. Cuban compared Bitcoin’s performance to gold, which increased during the same period. He described the outcome as disappointing for his original investment thesis. Cuban had [...] The post Mark Cuban Dumped Bitcoin, Says Hedge Thesis Fell Short appeared first on Blockonomi.

news.bitcoin.com Sui Eliminates Crypto’s Biggest Friction Point with Gasless Stablecoin Transfers

Already implemented in SUI’s mainnet, the feature allows users to send any amount of funds held in stablecoins without paying fees. Adeniyi Abiodun, co-Founder and CPO of Mysten Labs, qualified this milestone as a game-changer and stated that traditional networks could become obsolete. Sui Launches New Gasless Stablecoin Payments Targeting Increased Human And Agentic Use […]

bitcoinist.com Why Is The Bitcoin Price Dumping Despite The Rise In Positive Sentiment?

The current Bitcoin price weakness has triggered confusion across the crypto market after a prominent analyst on X pointed to massive BTC outflows from major trading and custodial platforms. The claims surfaced at a time when overall market sentiment is still leaning bullish, creating a sharp disconnect between optimism and price action. Bitcoin Price Faces […]

blockonomi.com Flare Maps XRP Utility Push With FAssets and Private Compute

TLDR Flare CEO Hugo Philion said the FAssets v1.3 upgrade makes FXRP minting simpler for XRP users. The new mint-to-tag model lets users mint FXRP through a single XRP Ledger transaction. Philion said the process uses native XRP Ledger features and does not require direct exchange integrations. He said Flare designed the system with minting [...] The post Flare Maps XRP Utility Push With FAssets and Private Compute appeared first on Blockonomi.

blockonomi.com Kraken Nears UAE Launch After Preliminary Dubai VARA Approval

TLDR Kraken moved closer to launching in the United Arab Emirates after Payward received preliminary approval from Dubai’s VARA. The preliminary approval covers a broker-dealer, investment, and management licence for Kraken’s Dubai plans. Kraken said it plans to offer AED funding, margin trading, over-the-counter services, and Kraken Prime at launch. The company’s latest step in [...] The post Kraken Nears UAE Launch After Preliminary Dubai VARA Approval appeared first on Blockonomi.

blockonomi.com JPMorgan: Tokenized Money Funds Unlikely to Top 15% of Market

TLDR JPMorgan said tokenized money market funds are unlikely to grow beyond 10% to 15% of the stablecoin market. The bank’s analysts said tokenized money market funds currently make up about 5% of the stablecoin universe by market cap. JPMorgan said stablecoins still dominate the crypto market because they support trading, settlement, collateral management, and [...] The post JPMorgan: Tokenized Money Funds Unlikely to Top 15% of Market appeared first on Blockonomi.

news.bitcoin.com Missouri AG Files Suit Against Coinflip, Targets Over 140 Bitcoin ATM Kiosks in the State

Missouri Attorney General Catherine Hanaway filed a lawsuit May 20, 2026, against GPD Holdings LLC, the company operating the Coinflip Bitcoin ATM network, accusing it of knowingly facilitating fraud while hiding fees that reached as high as 21.9% of each transaction. Missouri Sues Coinflip for Hiding 21.9% Fees and Allegedly Enabling Crypto Scams Statewide The […]

themerkle.com Uniswap’s UNI Goes Live on Solana as DeFi Pushes Native Cross-Chain Assets

The official announcement of the launch of UNI in Solana integration based on Sunrise DeFi brings, a notable milestone in the evolution of native cross-chain assets for the decentralized finance space. With this deployment, Solana users can now directly use one of the most used governance tokens in DeFi across a spectrum of wallets, DEXs, aggregators and trading platforms that already exist within the ecosystem. This distribution is notoriously one hypocritical extension of UNI on Solana-local phases like Phantom, Jupiter, Solflare, Kamino, Titan Exchange, Mayan(dflow expenditure/market-making stage), Fomo. BREAKING: $UNI from @Uniswap is now live on Solana via @sunrisedefi 🦄 The post Uniswap’s UNI Goes Live on Solana as DeFi Pushes Native Cross-Chain Assets appeared first on The Merkle News.

news.bitcoin.com Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery

Bitcoin has erased its recent gains, failing to hold the $78,000 threshold and dropping to just above $77,000. Bitcoin Erases Gains as ETF Outflows Mount Bitcoin endured yet another underwhelming session, failing to hold the $78,000 mark and erasing earlier gains to close the 24 hours just above $77,000. The price action reversed the momentum […]

cryptobriefing.com VerifiedX launches vBTC.b on Base with Fireblocks support for Bitcoin redemption and DeFi integration

vBTC.b's launch could significantly enhance Bitcoin's role in DeFi, attracting institutional investors and increasing cross-chain liquidity. The post VerifiedX launches vBTC.b on Base with Fireblocks support for Bitcoin redemption and DeFi integration appeared first on Crypto Briefing.

cryptobriefing.com Strategy’s Michael Saylor says tokenization will let investors ‘shop for yield’ in challenge to traditional banking

Tokenization could democratize finance, enabling investors to bypass traditional banks, but may introduce higher volatility and risk. The post Strategy’s Michael Saylor says tokenization will let investors ‘shop for yield’ in challenge to traditional banking appeared first on Crypto Briefing.

news.bitcoin.com US Sanctions Sinaloa Cartel Network for Laundering Drug Profits Through Cryptocurrency

The U.S. government has designated twelve individuals and two companies involved in money laundering operations for the Sinaloa Cartel. The groups allegedly transformed cash coming from the sales of drugs and fentanyl in the U.S. and converted it into cryptocurrency. US Sanctions Sinaloa Cartel Crypto Money Laundering Networks On Wednesday, the U.S. government Office of […]

bitcoinist.com Bitcoin Opens New Opportunities As The MVRV Ratio Falls Below A Key Threshold

Bitcoin’s near-term outlook is looking quite bearish, with its price trending well below the $80,000 level as volatility mounts. Along with downside performance, several key metrics are starting to exhibit negative activity, strengthening the bearish state. However, some analysts believe that this period could offer an ideal entry point for investors and traders. New Bitcoin […]