$DOT bridge gets drained as wrapped supply collapses 🔻

An unknown attacker seized admin control of the Ethereum-bridged DOT contract, minted about 1 billion wrapped tokens, and dumped them fast enough to crush the wrapped asset from around $1.22 to near zero. The native Polkadot token was not affected, but the damage is a sharp reminder that bridge trust can vanish in minutes when admin keys or permissions are compromised.

This is a liquidity shock, not a native chain failure. The market is likely to separate DOT’s core asset from the bridged version, while bridge security stays in focus for anyone watching where whale-sized capital can still break the structure.

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

#DOT #Polkadot #CryptoNews #DeFi #Blockchain

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