Hacker minted 1 billion DOT on Ethereum and then dumped it on the market
According to CertiK, the attacker exploited a vulnerability in the Hyperbridge gateway to spoof commands, thus taking control of the token DOT contract on Ethereum and minting up to 1 billion DOT before selling it off. The estimated profit is around 237,000 USD.
Key points to understand:
This is DOT in token form on Ethereum, not the original supply of Polkadot on the main chain.
In simple terms: the hacker did not “print more real DOT” on the Polkadot network, but pierced the bridge to create a fake version of DOT running on Ethereum.
The significance of this incident lies in the same old place but still hurts:
the bridge remains one of the most fragile links in crypto.
A simple error in command verification can result in tokens being counterfeited and dumped immediately.
————————
Not investment advice, just pure market news information.
#binanceaipro $XAU
According to CertiK, the attacker exploited a vulnerability in the Hyperbridge gateway to spoof commands, thus taking control of the token DOT contract on Ethereum and minting up to 1 billion DOT before selling it off. The estimated profit is around 237,000 USD.
Key points to understand:
This is DOT in token form on Ethereum, not the original supply of Polkadot on the main chain.
In simple terms: the hacker did not “print more real DOT” on the Polkadot network, but pierced the bridge to create a fake version of DOT running on Ethereum.
The significance of this incident lies in the same old place but still hurts:
the bridge remains one of the most fragile links in crypto.
A simple error in command verification can result in tokens being counterfeited and dumped immediately.
————————
Not investment advice, just pure market news information.
#binanceaipro $XAU