
A hacker exploited a vulnerability in the Hyperbridge cross-chain gateway connecting Polkadot to Ethereum. By forging gateway messages and manipulating the token contract’s admin privileges, the attacker created 1 billion unauthorized DOT tokens and sold them on decentralized markets, earning about 108.2 ETH (roughly $237,000) in profit. The incident highlights ongoing risks in cross-chain bridge systems, where flaws in message validation can lead to fake minting and significant losses.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
USDT stablecoin issuer Tether has today announced the successful completion of its first-ever full independent…
Curve DAO (CRV) is correcting after a sharp upswing pushed the price toward the $0.29–$0.30…
Riot Platforms, one of the largest publicly traded Bitcoin miners, sold 4,300 BTC during the…
ENA has spent months going nowhere, but the latest Ethena partnership with FalconX gives the…
Bitcoin had a chance to break higher today, but the move failed to gain real…
A hardware wallet company has a rather unpleasant reminder that protecting crypto users does not…