Dear Hotbit users:
Hotbit will close the functions of transaction,withdrawal and deposit temporarily.
The following report is originated from the official team of Morpheus:
MORPH and a few other projects have found a bug in their smart contract. This has happened with other projects and will happen again, crypto is still experimental.
I've been talking to the Morpheus Network team all day and everything is under control. All exchanges have paused trading except for HitBTC, thats why you are seeing weird price action. Since most exchanges have paused, the CoinMarketCap price is a reflection of 1 exchange with very little liquidity and easily manipulatable. Tomorrow when the new contract is deployed and exchanges have turned on, you should see the price stabilized. Im my experience, people who hold (and some risk takers buy) are the ones who make out. Panic sellers never prosper.
For full detail, please read https://medium.com/@themorpheus/new-morpheus-network-token-smart-contract-91b80dbc7655