DOT Plunges 7% in Minutes as Hackers Exploit Polkadot Bridge to Mint 1 Billion Tokens

💔 Polkadot's native token experienced a sharp decline of over 7% after reports of a hacker minting one billion tokens on the Ethereum mainnet and selling them off.

💰 The attacker profited approximately $237,000 by removing over $240,000 in ETH through multiple transactions following the minting.

🔒 The exploit was linked to a vulnerability in the Hyperbridge gateway, which allowed the hacker to manipulate the Polkadot token contract on Ethereum.