Hyperbridge’s $BRIDGE loss just blew past the first estimate ⚡

Hyperbridge now says this week’s bridge exploit likely cost about $2.5 million, with the attacker moving from a drained TokenGateway to a forged cross-chain mint that hit Base, Arbitrum, BNB Chain, and Ethereum liquidity. Funds have been traced to a Binance deposit address, but recovery may take months to a year, and the BRIDGE backstop looks stretched against the revised shortfall.

Not financial advice. Manage your risk and protect your capital.

#Crypto #DeFi #Ethereum #Polkadot #Security

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