Polkadot Bridge Vulnerability Exploited as 1 Billion DOT Is Minted on Ethereum and Sold Off

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A Polkadot bridge vulnerability was reportedly exploited, allowing 1 billion DOT to be minted on Ethereum and rapidly sold off. Here is the timeline, impact, and market fallout.

Legal Showdown Brews Between Crypto Heavyweights

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50m ago

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That Martini Guy Twitter

🚨 BREAKING Polkadot bridge has been exploited. The attacker gained control of the admin keys, minted 1 Billion $DOT and then sold. This is one of the largest bridge hacks in recent months and has seriously damaged trust in cross-chain bridges.

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55m ago

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Cryptopolitan Twitter

Polkadot's Hyperbridge gateway on Ethereum was exploited today. The attacker faked cross-chain verification proofs to gain minting control over wrapped DOT, created 1 billion tokens out of thin air and cashed out ~$237K. $DOT is down over 4%. The Polkadot blockchain itself was not compromised.

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55m ago

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AxiomFinity

Polkadot Exploit Confirmed – Attacker Walks Away With 108 ETH, DOT Price Crashes

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