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From exploit to meme chaos 😅 Something really weird just went down with #Polkadot on #Ethereum .
About an hour ago, an attacker minted 1 BILLION $DOT out of nowhere on mainnet… and yeah, didn’t waste time—started dumping it straight into the market. That kind of supply shock should’ve been a complete disaster, but the only thing saving it (for now) is the low liquidity over there. There just wasn’t enough depth to absorb everything cleanly.
Still… the damage is messy. Market cap on that version of #dot basically went parabolic into nonsense territory---numbers that don’t even reflect reality anymore. It’s like the chart broke, and now nobody really knows what’s “real” price vs just broken math.
And of course… where there’s chaos, there are traders 😅 Some people are actually stepping in, buying the dip like it’s a once-in-a-lifetime gamble… treating it less like a legit asset and more like a full-on memecoin moment. High risk, zero clarity… pure degen energy.
here is the transaction hash, if you’re digging into it:
0x240aeb9a8b2aabf64ed8e1e480d3e7be140cf530dc1e5606cb16671029401109
At this point, it’s not even about fundamentals.....it’s just… who’s brave (or crazy) enough to touch it right now.
About an hour ago, an attacker minted 1 BILLION $DOT out of nowhere on mainnet… and yeah, didn’t waste time—started dumping it straight into the market. That kind of supply shock should’ve been a complete disaster, but the only thing saving it (for now) is the low liquidity over there. There just wasn’t enough depth to absorb everything cleanly.
Still… the damage is messy. Market cap on that version of #dot basically went parabolic into nonsense territory---numbers that don’t even reflect reality anymore. It’s like the chart broke, and now nobody really knows what’s “real” price vs just broken math.
And of course… where there’s chaos, there are traders 😅 Some people are actually stepping in, buying the dip like it’s a once-in-a-lifetime gamble… treating it less like a legit asset and more like a full-on memecoin moment. High risk, zero clarity… pure degen energy.
here is the transaction hash, if you’re digging into it:
0x240aeb9a8b2aabf64ed8e1e480d3e7be140cf530dc1e5606cb16671029401109
At this point, it’s not even about fundamentals.....it’s just… who’s brave (or crazy) enough to touch it right now.
Vũ - Square VN:
Interesting situation unfolding with the DOT token.
$DOT has dropped over 9% in two days, sliding from $1.29 to $1.17, as derivatives traders lean heavily short while a whale accumulates millions in tokens. This clash between bearish market positioning and bullish conviction sets up a high‑risk scenario.
Funding rates across major exchanges have collapsed into extreme negative territory: Deribit’s DOT_USDC perpetuals hit ‑0.1437, while Bybit’s DOTUSDT fell to ‑0.0983. Shorts are paying longs to hold positions, showing aggressive downside bets. Open interest has surged dramatically, with Binance recording a 5.7M RoC, alongside volume anomalies where hourly trading exceeded four times the average. Together, these signals point to intense speculative shorting pressure.
Whale Accumulation
Contrasting the derivatives sentiment, on‑chain data shows a whale wallet increasing its balance by 3.46M DOT (~$4.15M) — an 85x jump compared to its usual activity. This accumulation suggests conviction in DOT’s long‑term value and a strategic buy‑the‑dip maneuver despite the immediate bearish backdrop.
Market Context
Historically, DOT has benefited from adoption tailwinds, such as integration into GoTyme bank’s crypto services reaching 6.5M users. That underlying strength makes the current derivatives‑driven selloff particularly noteworthy.
DOT is in a pivotal setup. If shorts overextend, whale conviction could fuel a short squeeze, but for now, derivatives pressure dominates. Traders should watch closely — the battle between whale accumulation and shorting momentum will define DOT’s next move.
#dot
Funding rates across major exchanges have collapsed into extreme negative territory: Deribit’s DOT_USDC perpetuals hit ‑0.1437, while Bybit’s DOTUSDT fell to ‑0.0983. Shorts are paying longs to hold positions, showing aggressive downside bets. Open interest has surged dramatically, with Binance recording a 5.7M RoC, alongside volume anomalies where hourly trading exceeded four times the average. Together, these signals point to intense speculative shorting pressure.
Whale Accumulation
Contrasting the derivatives sentiment, on‑chain data shows a whale wallet increasing its balance by 3.46M DOT (~$4.15M) — an 85x jump compared to its usual activity. This accumulation suggests conviction in DOT’s long‑term value and a strategic buy‑the‑dip maneuver despite the immediate bearish backdrop.
Market Context
Historically, DOT has benefited from adoption tailwinds, such as integration into GoTyme bank’s crypto services reaching 6.5M users. That underlying strength makes the current derivatives‑driven selloff particularly noteworthy.
DOT is in a pivotal setup. If shorts overextend, whale conviction could fuel a short squeeze, but for now, derivatives pressure dominates. Traders should watch closely — the battle between whale accumulation and shorting momentum will define DOT’s next move.
#dot
Alinapoint:
Claim Now 100 USDT 🎁
🚨 Polkadot Hack: 1 Billion $DOT Minted & Dumped!
A major security incident has shaken the Polkadot network, where an attacker reportedly minted nearly 1 billion $DOT tokens and sold them all in a single transaction.
Due to heavy slippage, the attacker managed to gain only around 108 ETH (approximately $237K). However, the sudden massive sell-off caused an instant drop in DOT’s price, creating panic in the market.
Following the incident, several exchanges have temporarily suspended DOT deposits and withdrawals to prevent further risk.
Traders are strongly advised to stay updated and trade carefully during this uncertain situation.
DOT/USDT (Perpetual): 1.188 (+0.76%)
#Polkadot #CryptoMarketRebounds #Binance #dot #cryotoupdate
A major security incident has shaken the Polkadot network, where an attacker reportedly minted nearly 1 billion $DOT tokens and sold them all in a single transaction.
Due to heavy slippage, the attacker managed to gain only around 108 ETH (approximately $237K). However, the sudden massive sell-off caused an instant drop in DOT’s price, creating panic in the market.
Following the incident, several exchanges have temporarily suspended DOT deposits and withdrawals to prevent further risk.
Traders are strongly advised to stay updated and trade carefully during this uncertain situation.
DOT/USDT (Perpetual): 1.188 (+0.76%)
#Polkadot #CryptoMarketRebounds #Binance #dot #cryotoupdate
Zeca-49c0d:
Ainda bem que a liquidez descentralizada estava baixa, senão o rombo iria ser cinco vezes mais. Será que o preço da dot cairá?
$DOT
$DOT Did Exactly What I Told You… 🎯
This is the same move I talked about earlier and it played out perfectly.
From slow accumulation to momentum… $DOT started pushing up exactly as expected. No surprise, just structure doing its job.
That “quiet phase” I mentioned?
It turned into a move.
This is why I always say don’t ignore consolidation zones. That’s where smart entries are built.
If you paid attention, you caught it.
More setups coming.
#dot #dotcoin
This is the same move I talked about earlier and it played out perfectly.
From slow accumulation to momentum… $DOT started pushing up exactly as expected. No surprise, just structure doing its job.
That “quiet phase” I mentioned?
It turned into a move.
This is why I always say don’t ignore consolidation zones. That’s where smart entries are built.
If you paid attention, you caught it.
More setups coming.
#dot #dotcoin
🔥 DOT Just Got Exploited for $237K on Ethereum
A hacker minted 1 billion DOT on the Ethereum network and dumped it for 108.2 ETH (~$237K).
Luckily, liquidity on Ethereum for DOT is quite low otherwise, dumping 1 billion DOT could have caused serious damage 😁
A once legendary token…
#dot #USMilitaryToBlockadeStraitOfHormuz
A hacker minted 1 billion DOT on the Ethereum network and dumped it for 108.2 ETH (~$237K).
Luckily, liquidity on Ethereum for DOT is quite low otherwise, dumping 1 billion DOT could have caused serious damage 😁
A once legendary token…
#dot #USMilitaryToBlockadeStraitOfHormuz
Daily Free Earn:
👉BPJW86ZK8R👈 $10 USDT Red Packet Code Claim Fast 🤑
🚀3 ALTCOINS READY TO EXPLODE? 🚨 ASTER, DOT & XRP PRICE PREDICTION!
The market is heating up again… and smart money is already positioning 👀
Here are 3 altcoins that could make BIG moves next 👇
🟢 ASTER Low-cap + rising hype = explosive combo If momentum continues, a breakout is coming
👉 Targets: $0.75 → $1.00+
🔵 DOT (Polkadot) Still heavily undervalued despite strong fundamentals Quiet accumulation phase = opportunity
👉 Targets: $10 → $16 → $20
🟣 XRP One of the strongest narratives in crypto Any bullish news = instant pump
👉 Targets: $2 → $3 (mid-term) 🔥 Bull case: $5+
⚡ STRATEGY:
✔️ ASTER → High risk / high reward
✔️ DOT → Long-term hold
✔️ XRP → News-driven breakout play
💡 Final Thought: Altseason doesn’t start with noise… It starts quietly — and we might already be in it 👀
always DYOR No Financial advice !
🔥 Which one are you holding?
ASTER, DOT or XRP? Drop your pick below 👇
#xrp #ASTER #dot #altcoins #TradingSignals
$XRP
$ASTER
$DOT
The market is heating up again… and smart money is already positioning 👀
Here are 3 altcoins that could make BIG moves next 👇
🟢 ASTER Low-cap + rising hype = explosive combo If momentum continues, a breakout is coming
👉 Targets: $0.75 → $1.00+
🔵 DOT (Polkadot) Still heavily undervalued despite strong fundamentals Quiet accumulation phase = opportunity
👉 Targets: $10 → $16 → $20
🟣 XRP One of the strongest narratives in crypto Any bullish news = instant pump
👉 Targets: $2 → $3 (mid-term) 🔥 Bull case: $5+
⚡ STRATEGY:
✔️ ASTER → High risk / high reward
✔️ DOT → Long-term hold
✔️ XRP → News-driven breakout play
💡 Final Thought: Altseason doesn’t start with noise… It starts quietly — and we might already be in it 👀
always DYOR No Financial advice !
🔥 Which one are you holding?
ASTER, DOT or XRP? Drop your pick below 👇
#xrp #ASTER #dot #altcoins #TradingSignals
$XRP
$ASTER
$DOT
Polkadot $DOT is showing signs of consolidation after recent volatility, holding key support near the $6 zone. Buyers are stepping in on dips, suggesting accumulation, while resistance around $7.20 remains a short-term barrier. $DOT
A breakout above this level could trigger bullish momentum toward $8+, supported by improving market sentiment and ecosystem developments. However, failure to hold support may lead to a retest of lower levels. Overall, $DOT remains a fundamentally strong project with growing parachain activity. Traders should watch volume and Bitcoin’s direction closely, as it continues to influence altcoin momentum.
#dot #Polkadot #CryptoAnalysis #ADA #bnb一輩子
A breakout above this level could trigger bullish momentum toward $8+, supported by improving market sentiment and ecosystem developments. However, failure to hold support may lead to a retest of lower levels. Overall, $DOT remains a fundamentally strong project with growing parachain activity. Traders should watch volume and Bitcoin’s direction closely, as it continues to influence altcoin momentum.
#dot #Polkadot #CryptoAnalysis #ADA #bnb一輩子
#dot #Polkadot #cryptonews #BinanceSquare #hyperbridge $BTC $DOT
"Breaking News: The Polkadot (DOT) bridge exploit has caused a 4-6% price drop. 🚨
An attacker managed to mint 1 billion fake DOT tokens via Hyperbridge. While the main Polkadot network remains secure, the market sentiment has turned fearful. 📉
As a beginner, I am currently holding my DOT position. My $5 investment is slightly down, but I am learning that patience is crucial during such exploits. These 'fake' tokens were on Ethereum, not the native DOT chain, so I believe in a recovery. 💎
Question for Experts: Should we buy this dip or wait for more clarity on bridge security? Let me know your thoughts! 👇"
اردو تحریر:
"بریکنگ نیوز: پولکا ڈاٹ (DOT) برج ہیک ہونے کی خبر سے قیمت میں 4 سے 6 فیصد کمی دیکھی گئی ہے۔ 🚨
ایک ہیکر نے 'ہائپر برج' کے ذریعے 1 ارب جعلی ڈاٹ ٹوکنز بنا لیے ہیں۔ اگرچہ پولکا ڈاٹ کا اپنا نیٹ ورک محفوظ ہے، لیکن مارکیٹ میں اس وقت خوف کا ماحول ہے۔ 📉
ایک بگنر کے طور پر، میں نے اپنی پوزیشن ہولڈ کی ہوئی ہے۔ میری 5 ڈالر کی انویسٹمنٹ تھوڑی نیچے ہے، لیکن میں سیکھ رہا ہوں کہ ایسے وقت میں صبر کتنا ضروری ہے۔ چونکہ یہ ہیکنگ ایتھریم نیٹ ورک پر ہوئی تھی، اس لیے مجھے امید ہے کہ قیمت جلد واپس سنبھل جائے گی۔ 💎
ماہر ٹریڈرز سے سوال: کیا اس گراوٹ (Dip) میں مزید خریدنا چاہیے یا ابھی حالات بہتر ہونے کا انتظار کریں؟ کمنٹس میں بتائیں!
"Breaking News: The Polkadot (DOT) bridge exploit has caused a 4-6% price drop. 🚨
An attacker managed to mint 1 billion fake DOT tokens via Hyperbridge. While the main Polkadot network remains secure, the market sentiment has turned fearful. 📉
As a beginner, I am currently holding my DOT position. My $5 investment is slightly down, but I am learning that patience is crucial during such exploits. These 'fake' tokens were on Ethereum, not the native DOT chain, so I believe in a recovery. 💎
Question for Experts: Should we buy this dip or wait for more clarity on bridge security? Let me know your thoughts! 👇"
اردو تحریر:
"بریکنگ نیوز: پولکا ڈاٹ (DOT) برج ہیک ہونے کی خبر سے قیمت میں 4 سے 6 فیصد کمی دیکھی گئی ہے۔ 🚨
ایک ہیکر نے 'ہائپر برج' کے ذریعے 1 ارب جعلی ڈاٹ ٹوکنز بنا لیے ہیں۔ اگرچہ پولکا ڈاٹ کا اپنا نیٹ ورک محفوظ ہے، لیکن مارکیٹ میں اس وقت خوف کا ماحول ہے۔ 📉
ایک بگنر کے طور پر، میں نے اپنی پوزیشن ہولڈ کی ہوئی ہے۔ میری 5 ڈالر کی انویسٹمنٹ تھوڑی نیچے ہے، لیکن میں سیکھ رہا ہوں کہ ایسے وقت میں صبر کتنا ضروری ہے۔ چونکہ یہ ہیکنگ ایتھریم نیٹ ورک پر ہوئی تھی، اس لیے مجھے امید ہے کہ قیمت جلد واپس سنبھل جائے گی۔ 💎
ماہر ٹریڈرز سے سوال: کیا اس گراوٹ (Dip) میں مزید خریدنا چاہیے یا ابھی حالات بہتر ہونے کا انتظار کریں؟ کمنٹس میں بتائیں!
The massive volume surge we are seeing on $DOT right now is nothing short of a market anomaly. Seeing a 6500% jump in activity while the price slides toward the $1.18 mark suggests we are witnessing a massive transfer of ownership. Usually, when volume explodes like this during a price drop, it is a sign of forced liquidations or a coordinated exit by larger players. It feels like the market is flushing out the last of the weak hands before deciding on a real direction.
I have been watching the $1.10 support level closely because that is where the floor needs to hold. If the selling pressure does not exhaust itself here, we might be looking at a much deeper correction into sub-dollar territory. On the other hand, this kind of extreme volume often precedes a sharp relief bounce once the sell-side liquidity is tapped out. For anyone trading this, the risk is incredibly high right now because the volatility is decoupled from standard patterns.
The broader market sentiment seems heavy, and DOT is caught in the crossfire. While the long-term tech remains solid, the immediate price action is purely driven by fear and liquidations. I am staying patient and waiting for the volume to normalize before assuming the bottom is in. Jumping in during a 6000% volume spike is like trying to catch a falling knife that is spinning at Mach speed. It is better to miss the first 5% of a move than to get caught in a cascade that has not found its end yet.#dot
I have been watching the $1.10 support level closely because that is where the floor needs to hold. If the selling pressure does not exhaust itself here, we might be looking at a much deeper correction into sub-dollar territory. On the other hand, this kind of extreme volume often precedes a sharp relief bounce once the sell-side liquidity is tapped out. For anyone trading this, the risk is incredibly high right now because the volatility is decoupled from standard patterns.
The broader market sentiment seems heavy, and DOT is caught in the crossfire. While the long-term tech remains solid, the immediate price action is purely driven by fear and liquidations. I am staying patient and waiting for the volume to normalize before assuming the bottom is in. Jumping in during a 6000% volume spike is like trying to catch a falling knife that is spinning at Mach speed. It is better to miss the first 5% of a move than to get caught in a cascade that has not found its end yet.#dot
$DOT Did Exactly What Was Expected… 🎯
Just like mentioned earlier — the move played out clean.
From a slow accumulation phase to strong momentum, $DOT pushed up right on cue. No hype, just pure market structure doing its job.
That “quiet phase” wasn’t random…
It was preparation for the move.
This is why consolidation zones matter — that’s where smart money builds positions.
If you were paying attention, you caught the move 👀
Stay sharp… more setups coming soon.
#dot #crypto #trading 🚀#CryptoMarketRebounds #USDCFreezeDebate
#
Just like mentioned earlier — the move played out clean.
From a slow accumulation phase to strong momentum, $DOT pushed up right on cue. No hype, just pure market structure doing its job.
That “quiet phase” wasn’t random…
It was preparation for the move.
This is why consolidation zones matter — that’s where smart money builds positions.
If you were paying attention, you caught the move 👀
Stay sharp… more setups coming soon.
#dot #crypto #trading 🚀#CryptoMarketRebounds #USDCFreezeDebate
#
$DOT *DOT (Polkadot) Latest Analysis - Short Version*
*Current Price*: ~$1.18 - $1.19 USD / ₹112-121, +1.36% today
*What's Happening Now*
1. *Volume surge but price lags*: DOT saw 161% volume spike recently, ranking #3 in "Trending Assets". 82% more unique traders jumped in, but price is trailing the market
2. *Altcoin rotation hurting DOT*: Altcoin Season Index dropped to 31 while BTC dominance ∼59%. Capital flowing from alts like DOT into Bitcoin during U.S.-Iran tensions
3. *Technical breakdown*: Broke below 7-day SMA $1.28 and pivot $1.29. RSI 40.69 = bearish, MACD -0.13 = bearish. All major MAs bearish except 5 & 10-day 7f36017651e8
*Key Levels*
- *Resistance*: $1.28 - $1.29. Needs to reclaim to flip bullish
- *Support*: $1.24, then $1.20. Break below $1.24 opens path to $1.20
- *Strong trend*: ADX 37.5 = trend strength is high, currently down 017651e8
*Recent Performance*
- *Week*: -0.64% to -2.04%
- *Month*: -15.52%
- *Year*: -65% to -68%
- *vs ATH*: -98% from Nov 2021 high of $55.13 e26a7f36
*Bottom line*: Very bearish short-term. DOT is underperforming both BTC and ETH, hit by macro de-risking + weak technicals. Volume up but selling pressure dominant. Needs macro calm + BTC stability + reclaim $1.28 to shift momentum.
Want specific entry zones or parachain auction updates?#dot #GIGGLESuddenSpike #BTC
*Current Price*: ~$1.18 - $1.19 USD / ₹112-121, +1.36% today
*What's Happening Now*
1. *Volume surge but price lags*: DOT saw 161% volume spike recently, ranking #3 in "Trending Assets". 82% more unique traders jumped in, but price is trailing the market
2. *Altcoin rotation hurting DOT*: Altcoin Season Index dropped to 31 while BTC dominance ∼59%. Capital flowing from alts like DOT into Bitcoin during U.S.-Iran tensions
3. *Technical breakdown*: Broke below 7-day SMA $1.28 and pivot $1.29. RSI 40.69 = bearish, MACD -0.13 = bearish. All major MAs bearish except 5 & 10-day 7f36017651e8
*Key Levels*
- *Resistance*: $1.28 - $1.29. Needs to reclaim to flip bullish
- *Support*: $1.24, then $1.20. Break below $1.24 opens path to $1.20
- *Strong trend*: ADX 37.5 = trend strength is high, currently down 017651e8
*Recent Performance*
- *Week*: -0.64% to -2.04%
- *Month*: -15.52%
- *Year*: -65% to -68%
- *vs ATH*: -98% from Nov 2021 high of $55.13 e26a7f36
*Bottom line*: Very bearish short-term. DOT is underperforming both BTC and ETH, hit by macro de-risking + weak technicals. Volume up but selling pressure dominant. Needs macro calm + BTC stability + reclaim $1.28 to shift momentum.
Want specific entry zones or parachain auction updates?#dot #GIGGLESuddenSpike #BTC
BREAKING⚡️: Polkadot (@Polkadot) has been exploited. 🚨
The attacker minted 1B $DOT and dumped it all in a single transaction for 108.2 $ETH ($237K).
#dot #TrendingTopic #MarketCorrectionBuyOrHODL?
The attacker minted 1B $DOT and dumped it all in a single transaction for 108.2 $ETH ($237K).
#dot #TrendingTopic #MarketCorrectionBuyOrHODL?
Feed-Creator-0b2f09c862c6e194fa37:
That's great, it means hackers are getting more skilled and can drain all crypto assets which are dangerous because of their decentralization and volatility.
Is Polkadot Ready for a Breakout?
$DOT is showing signs of consolidation after recent volatility, building a strong base near key support levels. 📊
🔍 What’s happening?
• Price holding above major support zone
• Low volatility = possible big move incoming
• Ecosystem developments + parachain activity increasing
📈 Bullish Scenario:
If $DOT breaks above resistance, we could see a strong upward momentum with targets in the next resistance zone.
📉 Bearish Scenario:
Failure to hold support may lead to a retest of lower levels before next rally.
💡 Key Levels to Watch:
Support: $X – $X
Resistance: $X – $X
🔥 Market Sentiment: Neutral → Turning Bullish
✨ Conclusion:
$DOT is in accumulation phase — smart money could be positioning here. Watch for breakout confirmation before entry.
#dot #Web3 #blockchain #CryptoUpdate
$DOT is showing signs of consolidation after recent volatility, building a strong base near key support levels. 📊
🔍 What’s happening?
• Price holding above major support zone
• Low volatility = possible big move incoming
• Ecosystem developments + parachain activity increasing
📈 Bullish Scenario:
If $DOT breaks above resistance, we could see a strong upward momentum with targets in the next resistance zone.
📉 Bearish Scenario:
Failure to hold support may lead to a retest of lower levels before next rally.
💡 Key Levels to Watch:
Support: $X – $X
Resistance: $X – $X
🔥 Market Sentiment: Neutral → Turning Bullish
✨ Conclusion:
$DOT is in accumulation phase — smart money could be positioning here. Watch for breakout confirmation before entry.
#dot #Web3 #blockchain #CryptoUpdate
$DOT is showing signs of a classic trend reversal after finding solid footing at the 1.154 support level. I’ve been tracking this recovery closely, and the consistent higher lows on the 15m timeframe suggest that the selling pressure is finally exhausted. We are currently consolidating just under the key 1.200 psychological and technical resistance; a clean hourly close above this mark would confirm a breakout from this accumulation zone. I’m playing this with a Long Signal: Entry at 1.182, targeting 1.215 and 1.240, with a stop-loss at 1.165. The momentum is building—watch for the flip of the 99 MA to turn this into a high-conviction runner.
#dot #DOT_UPDATE #Binance #crypto #CryptoTrading
#dot #DOT_UPDATE #Binance #crypto #CryptoTrading
🚨 POLKADOT BRIDGE EXPLOITED — BUT IS THIS THE BOTTOM?
1B DOT exploit is painful. BUT experienced traders know: post-exploit = patch + rebound:
🔴 $DOT
— every major protocol survives and rebounds. Watch this.
🟠 $KSM
— Kusama canary network. Undervalued now.
🌟 $ASTR
— Astar ecosystem absorbs and recovers fast
The herd panics. The pros load up at the bottom.
Follow me for post-exploit recovery plays. 📉➡️📈
#polkadot2.0 #dot #BridgeHack #CryptoRecovery #Binance
1B DOT exploit is painful. BUT experienced traders know: post-exploit = patch + rebound:
🔴 $DOT
— every major protocol survives and rebounds. Watch this.
🟠 $KSM
— Kusama canary network. Undervalued now.
🌟 $ASTR
— Astar ecosystem absorbs and recovers fast
The herd panics. The pros load up at the bottom.
Follow me for post-exploit recovery plays. 📉➡️📈
#polkadot2.0 #dot #BridgeHack #CryptoRecovery #Binance
BREAKING: Hacker mints 1 BILLION DOT tokens for just $0.74
Second major Hyperbridge exploit in ONE DAY crashes bridged DOT from $1.22 to PENNIES
Here's how they did it 🧵
The exploit targeted Hyperbridge... a bridge connecting Polkadot to Ethereum
Attacker forged cross-chain proofs to seize control of the DOT contract
ONE transaction. $0.74 in fees. 1 billion tokens minted.
IMPACT:
📉 Bridged DOT price: $1.22 → pennies
📉 Native DOT: 5-6% dip to $1.15
💸 $728,000 in liquidations
⏸️ Upbit pauses DOT deposits
This was the SECOND attack that day (first was $12k)
🔍 SECURITY FIRMS WARN:
CertiK alerts of forged message risks
✅ Native Polkadot network: SAFE
⚠️ Bridge users: Check your approvals NOW
Cross-chain bridges remain high-risk targets.
#dot
$DOT
Second major Hyperbridge exploit in ONE DAY crashes bridged DOT from $1.22 to PENNIES
Here's how they did it 🧵
The exploit targeted Hyperbridge... a bridge connecting Polkadot to Ethereum
Attacker forged cross-chain proofs to seize control of the DOT contract
ONE transaction. $0.74 in fees. 1 billion tokens minted.
IMPACT:
📉 Bridged DOT price: $1.22 → pennies
📉 Native DOT: 5-6% dip to $1.15
💸 $728,000 in liquidations
⏸️ Upbit pauses DOT deposits
This was the SECOND attack that day (first was $12k)
🔍 SECURITY FIRMS WARN:
CertiK alerts of forged message risks
✅ Native Polkadot network: SAFE
⚠️ Bridge users: Check your approvals NOW
Cross-chain bridges remain high-risk targets.
#dot
$DOT
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