Cryptonews
Published on 2026-04-13 | 2 hours ago

A Hacker Just Minted 1 Billion Dot Crypto Tokens Through Polkadot Bridge

Polkadot crypto bridge infrastructure is under fire. A cross-chain attacker forged verification messages through the Hyperbridge gateway, minting 1 billion DOT tokens on Ethereum, 2,800x the contract’s reported 356,000 DOT supply, and triggering an immediate 7% price plunge in minutes.The full picture of the damage is still developing, and traders are asking whether this is a contained incident or the start of something worse.According to on-chain data, the attacker routed the minted supply through OdosRouter and Uniswap V4, dumping tokens for just 108.2 ETH ($237,000) — shallow DEX liquidity capping what could have been catastrophic losses. Polkadot(@Polkadot) has been exploited. The attacker minted 1B $DOT and dumped it all in a single transaction for 108.2 $ETH($237K).https://t.co/4pStYrGb8y pic.twitter.com/wRplAWNnBg— Lookonchain (@lookonchain) April 13, 2026 Security firm Certik has since identified the vulnerability in Hyperbridge’s cross-chain verification layer. South Korean exchanges Upbit and Bithumb suspended DOT deposits and withdrawals on April 13, citing low liquidity risk to users.The financial damage looks contained, but bridge confidence rarely recovers quickly. This suggests the near-term technical setup for DOT has shifted decisively bearish, with sentiment erosion layered on top of the price action.Discover: The best pre-launch token salesCan Polkadot Crypto Recover This Week, or Is the DOT Price Breakdown Just Beginning?DOT dropped 7% in minutes following confirmation of the exploit, one of the sharpest single-incident drops the token has seen in recent months.Volume spiked on the sell side as the market processed the news, though exchange suspensions from Upbit and Bithumb (two of DOT’s heaviest trading venues) likely suppressed what could have been deeper capitulation, or a faster recovery, depending on direction.Polkadot (DOT)24h7d30d1yAll timeThe rapid breakdown signals a loss of short-term support, and the pattern matches prior bridge-incident selloffs across the sector. Key levels to watch: any recovery attempt toward prior support-turned-resistance will face heavy overhead pressure while the Hyperbridge vulnerability remains unpatched.Bridges have historically been the single largest loss vector in crypto. The attacker netting only $237,000 on a billion-token mint is almost darkly comic. We’re aware of an issue affecting @hyperbridge's Ethereum gateway contract. The exploit only affects DOT on Ethereum that is bridged through Hyperbridge and does not affect DOT in the Polkadot ecosystem, or DOT bridged through other bridges. Polkadot, its parachains, and…— Polkadot (@Polkadot) April 13, 2026 LiquidChain Eyes Cross-Chain Problem as DOT Bridge Confidence FracturesThe Polkadot exploit puts a spotlight on exactly why bridge architecture matters — and why traders are reassessing cross-chain exposure. Every major bridge hack reinforces the same uncomfortable question: what’s the cost of fragmented liquidity infrastructure? (Apparently, sometimes just $237,000 and a lot of reputational damage.) The DOT incident is a case study in what happens when cross-chain verification fails at the contract level.LiquidChain is a Layer 3 project positioning itself at the center of this problem. Its USP: fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment — a Unified Liquidity Layer where developers deploy once and access all three ecosystems.Rather than bridging assets between chains (with the attack surface that entails), LiquidChain targets the fragmentation problem at the infrastructure layer with Single-Step Execution and Verifiable Settlement.The presale is currently priced at $0.01449 per $LIQUID, with $657,066.97 raised to date. Early-stage L3 infrastructure projects carry meaningful risk; token utility depends entirely on the developer and liquidity adoption post-launch.But for traders rotating out of bridge-exposed positions, the category warrants research. Explore LiquidChain’s presale terms before the next stage pricing kicks in.Discover: The best crypto to diversify your portfolio withThe post A Hacker Just Minted 1 Billion Dot Crypto Tokens Through Polkadot Bridge appeared first on Cryptonews.

Read full article on CRYPTONEWS

Latest News View more

COINGAPE | Published on 2026-04-13 | 26 mins ago
Bullish
46%

Bullish
Neutral
53%

Neutral
Bearish
1%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
1
COINGAPE | Published on 2026-04-13 | 26 mins ago
COINDESK | Published on 2026-04-13 | 26 mins ago
Bullish
3%

Bullish
Neutral
83%

Neutral
Bearish
14%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
2
CRYPTOBRIEFING | Published on 2026-04-13 | 29 mins ago
Bullish
77%

Bullish
Neutral
23%

Neutral
Bearish
0%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
3
CRYPTOBRIEFING | Published on 2026-04-13 | 29 mins ago
COINGAPE | Published on 2026-04-13 | 30 mins ago
Bullish
61%

Bullish
Neutral
39%

Neutral
Bearish
0%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
4
COINTELEGRAPH | Published on 2026-04-13 | 35 mins ago
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
5
COINTELEGRAPH | Published on 2026-04-13 | 35 mins ago
LIVE BITCOIN NEWS | Published on 2026-04-13 | 40 mins ago
Bullish
6%

Bullish
Neutral
24%

Neutral
Bearish
70%

Bearish
Sentiment Analysis (Alert )
Bullish ND
Bullish
Neutral ND
Neutral
Bearish ND
Bearish
 
6
LIVE BITCOIN NEWS | Published on 2026-04-13 | 40 mins ago
Top 10 Performance
BNB +0.76% News
DOGE +0.29% News
SOL +0.16% News
USDC +0.02% News
FIGR_HELOC 0.00% News
USDT -0.01% News
XRP -0.23% News
TRX -0.26% News
BTC -0.30% News
ETH -0.51% News
View more