Multiple Network has announced a token swap and buyback program following the contamination of its MTP token supply. The breach occurred due to unauthorized unlocking and sell-off by a third-party market maker, compromising the token's security. To safeguard community interests and maintain system stability, the project will execute a comprehensive token swap, alongside a systematic buyback mechanism.
Effective 10:00 AM Beijing time on September 29th, all exchanges will halt MTP deposits, withdrawals, and trading, taking snapshots of holdings. New MTP tokens will be distributed at a 1:1 ratio to both exchange and on-chain users. The new token contract address on the BSC chain is 0x83330d159C9A4B09E6717feeFef7a634b70D216A. Binance Alpha has confirmed support for the BEP20 contract swap of Multiple Network's MTP tokens.
Multiple Network Initiates MTP Token Swap and Buyback After Security Breach
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.