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Shock for MTP investors: token-swap and buyback to scandal!
Multiple Network starts a year for the compromised MTP token for unauthorized sales.
Shock for MTP investors: token-swap and buyback to scandal!
On October 3, 2025, Multiple Network announced a comprehensive initiative to replace its compromised MTP token and to initiate a one-year buyback program. These measures are the result of an incident in which a third market participant unlimited tokens unauthorized and threw on the market, which led to significant decays. The MTP token, which was only introduced in August, had briefly listed at the Binance Alpha and reached a maximum price of $ 0.0456 before fell by more than 40% to $ 0.002101. The events related to price volatility and the incident were triggered by confirming a security incident on September 23.
In order to cope with this situation, the Multiple Network team took emergency measures, which included the creation of a snapshot of the account stands on September 29 at 2:00 a.m. UTC. This allowed the company to implement a new BEP 20 contract on the BNB chain in order to offer a 1-1 token exchange. In this phase, MTP tokens were automatically assigned to verified on-chain and Exchange owners.
Referral program for stabilization
The buyback program, which aims to buy at least $ 1 million MTP within 12 months, is intended to help restore the stability of the ecosystem and to protect legitimate token owners. The initial buyback on amounts between $ 50,000 and $ 100,000 per month for the first six months is set. The buyback height for the months seven to twelve will depend on the market conditions.
In addition, the company will use all funds that can be recovered by legal steps against the market participant for further return purchases. These judicial proceedings are currently at a critical point, and the team promises to provide current updates to the progress in this matter.
Market analysis and trade restrictions
According to the incident, the team advised the dealers to refrain from on-chain markets and instead to use regulated stock exchanges, since the token supply was temporarily contaminated. The trade, deposits and withdrawals for the new MTP tokens have been successfully resumed on trading platforms such as Binance, which is an important step towards normalizing the situation.
Developments in multiple network show how important fast and effective measures are in the cryptocurrency sector, especially when it comes to security incidents and their effects on investors. With the introduction of the buyback program and the intensive interest in the removal of the situation, it remains to be seen how the MTP token will develop in the coming months.