{"id":2330,"date":"2026-04-13T16:12:53","date_gmt":"2026-04-13T16:12:53","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2330"},"modified":"2026-04-13T16:12:53","modified_gmt":"2026-04-13T16:12:53","slug":"polkadot-token-drops-sharply-after-bridge-exploit-leads-to-massive-minting","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/13\/polkadot-token-drops-sharply-after-bridge-exploit-leads-to-massive-minting\/","title":{"rendered":"Polkadot Token Drops Sharply After Bridge Exploit Leads to Massive Minting"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"275\" height=\"182\" data-id=\"2331\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/04\/IMG_1962.jpeg\" alt=\"\" class=\"wp-image-2331\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Polkadot experienced a sudden price drop of more than 7 percent within minutes after reports surfaced that a hacker had minted a massive supply of tokens on the Ethereum network and quickly sold them.<\/p>\n\n\n\n<p>The token was trading at 1.24 dollars before falling sharply to 1.15 dollars. It later regained some losses and is currently hovering around 1.20 dollars.<\/p>\n\n\n\n<p>Blockchain analytics platform Arkham reported that an unidentified attacker created one billion DOT tokens on Ethereum and immediately sold them into liquidity pools. As a result, the attacker extracted more than 240000 dollars worth of ETH through multiple transactions.<\/p>\n\n\n\n<p>The exploit was also confirmed by Lookonchain, which estimated the attacker\u2019s profit at approximately 237000 dollars, equivalent to about 108.2 ETH.<\/p>\n\n\n\n<p>Meanwhile, Wu Blockchain cited findings from CertiK, attributing the incident to a vulnerability in the Hyperbridge gateway. This flaw reportedly allowed the attacker to forge messages and gain control over administrative functions of a Polkadot token contract deployed on Ethereum.#crypto#cryptonews <a href=\"https:\/\/coinsignals.net\">https:\/\/coinsignals.net<\/a> <a href=\"https:\/\/t.me\/coinsignalpublic\">https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot experienced a sudden price drop of more than 7 percent within minutes after reports surfaced that a hacker had minted a massive supply of tokens&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2330","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2330"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2330\/revisions"}],"predecessor-version":[{"id":2332,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2330\/revisions\/2332"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}