🚨 Major exploit alert—Polkadot’s bridged token just got hit hard.
A bridged version of Polkadot ($DOT ) on Ethereum has been exploited, and the details are raising serious concerns across the crypto space.
According to blockchain security firm PeckShield, the attacker managed to mint an astonishing 1 billion tokens unexpectedly. This wasn’t just a minor breach—it was a full-scale manipulation of token supply.
Shortly after minting, the attacker dumped the entire supply in a single transaction, extracting around 108.2 ETH, worth approximately $237,000.
The root of the issue points to the Hyperbridge gateway contract. Security reports from CertiK suggest that the attacker used a forged message to gain unauthorized control over the system.
This allowed them to manipulate admin-level permissions on the Polkadot token contract deployed on Ethereum.
This incident highlights a recurring weakness in cross-chain bridge systems—complex architecture often leads to exploitable vulnerabilities.
For users and investors, this is another reminder:
Smart contracts are powerful—but not risk-free.