Polkadot’s native token plunged by over 7% in minutes after studies emerged {that a} hacker minted a billion tokens on the Ethereum mainnet and bought them off.
The asset traded at $1.24 earlier than it plunged instantly to $1.15, however managed to get well some floor and now trades round $1.20.
Arkham reported that an unknown attacker minted one billion DOT on Ethereum and bought them straight into the liquidity pool. Thus, they eliminated over $240,000 in ETH throughout a number of transactions.
Lookonchain confirmed the exploit and the attacker’s revenue, which was $237,000 (108.2 ETH).
Wu Blockchain cited knowledge from Certik, which blamed the assault on a vulnerability within the Hyperbridge gateway, which allowed the unhealthy actors to forge messages and manipulate the administrator of a Polkadot token contract on Ethereum.
Simply In: Hackers minted 1 billion DOT tokens on the Ethereum mainnet after which bought them off.
Based on Certik, the assault was primarily on account of a Hyperbridge gateway vulnerability, which allowed attackers to forge messages and manipulate the administrator of a Polkadot token… pic.twitter.com/2H9w9HqQBg
— Wu Blockchain (@WuBlockchain) April 13, 2026
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