Polkadot vs Ethereum | TradeSphere
An attacker exploited a vulnerability in Hyperbridge's Ethereum gateway contract to mint 1 billion bridged Polkadot tokens and dump them for about $237,000 in ether. Polkadot’s (DOT) bridged token on Ethereum has reportedly fallen victim to an exploit. According to reports, an attacker minted 1 billion bridged DOT.
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Onchain tracker Lookonchain noted that after this, the attacker dumped the entire supply in a single transaction, netting 108.2 ETH (approximately $237,000). Follow us on X to get the latest news as it happens 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. A hacker minted 1 billion bridged DOT tokens on Ethereum via a Hyperbridge exploit, dumping them for 108.2 ETH.
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Polkadot's native chain was unaffected. Polkadot Price Dips 6% Following 1 Billion Token Minting Breach on Ethereum Polkadot to Ethereum Data The DOT to ETH conversion rate today is 0.0005512 ETH. This is a decrease of 1.08% in the last hour and an increase of 0.29% in the last 24 hours. The recent price direction of Polkadot is an increase because DOT is down by 14.70% against ETH in the last 30 days. Our converter updates in real time, giving you accurate price data every time you use it to make a conversion.
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In a major security incident, the cross-chain infrastructure of Polkadot has been compromised and an attacker managed to create 1 billion DOT tokens on the Ethereum network, raising concern in the crypto space. The tokens were minted in an abnormal manner through a bridge contract exploit and then quickly dumped into liquidity pools, according to blockchain security firm PeckShield. This ... Polkadot is a smaller altcoin created by Ethereum's co-founder, Gavin Wood. A $10,000 investment in its first trade in 2020 would have shrunk to about $6,900.