Odaily Planet Daily reports that the DePIN project, Multiple Network, announced on the X platform that the original MTP token supply was contaminated and its security compromised due to the unlocking and sell-off of tokens by a third-party market maker. To protect community interests and ensure system stability, the team will implement a comprehensive token swap, supplemented by a systematic buyback. At 10:00 AM Beijing time on September 29th, all exchanges will suspend MTP deposits, withdrawals, and trading, and take snapshots. New MTP tokens will be automatically distributed at a 1:1 ratio (applicable to both exchange and on-chain users).

According to previous news, Binance Alpha will support the BEP 20 contract swap of Multiple Network (MTP).