Attacker mints 1B DOT on Ethereum via Hyperbridge gateway exploit, profits $237K

An attacker exploited a vulnerability in Hyperbridge's gateway to forge cross-chain messages and seize admin control of a Polkadot token contract on Ethereum, minting 1 billion DOT and dumping them for roughly $237K. Thin liquidity on the Ethereum-side DOT market kept the damage relatively contained. CertiK flagged the exploit, and South Korean exchanges Upbit and Bithumb have suspended DOT deposits and withdrawals as a precaution.

TLDR by @Benthic

More coverage

• Hyperbridge exploit mints 1 billion fake DOT on Ethereum, nets just ... (crypto.news)
• Hyperbridge Exploit Mints 1B DOT Tokens in Attack, CertiK Reports (coinmarketcap.com)
• Hyperbridge Exploit Minted 1 Billion Bridged DOT on Ethereum (penligent.ai)
• Polkadot Exploit: Attacker Mints 1B Fake DOT and Dumps for Profit (binance.com)
• Polkadot Price Slides 4% as Hyperbridge Exploit Mints 1B Tokens (bitcoinfoundation.org)

Explore the topic

• Ethereum
• Exploit