Amensis-d41b96

Polkadot ($DOT ) crashed -5% in just 5 minutes, wiping out roughly $20 million in market cap.
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The sharp drop was triggered by reports of an exploit on the Hyperbridge cross-chain gateway (Polkadot Ethereum).

An attacker exploited a vulnerability in Hyperbridge’s Ethereum gateway contract by forging a cross-chain message. This allowed them to gain unauthorized admin control over the bridged DOT token contract on Ethereum, mint 1 billion fake bridged DOT tokens, and dump the entire supply in a single transaction.

The attacker extracted 108.2 $ETH  (approximately $237,000) by routing the tokens through Odos Router V3 into a Uniswap V4 DOT-ETH pool, causing massive slippage in the low-liquidity environment.
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Importantly, the exploit affected only the bridged representation of DOT on Ethereum — not the native DOT on the Polkadot relay chain. Native DOT supply and core network security remain unaffected.

The incident also triggered $728K in DOT long liquidations as leveraged positions were rapidly wiped out during the flash crash.

Polkadot has acknowledged the issue and confirmed it is isolated to the Hyperbridge Ethereum gateway. Several exchanges temporarily suspended DOT deposits/withdrawals as a precaution.

Track the transaction on Etherscan or Arkham Intelligence (bridged DOT contract activity).

Bridge exploit sparks quick -5% flash crash on DOT.

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