Polkadot rebounded sharply, rising about 10% on April 16, as concerns over a recent bridge exploit eased and investors refocused on the network's updated tokenomics.
RaveDAO jumps over 200% while Polkadot, Zcash and Dash slide, underscoring how idiosyncratic token stories now dominate a crypto market still digesting macro shocks and regulatory risk. RaveDAO (RAVE) is the standout mover in today's crypto session, jumping 207.
A hacker exploited a Polkadot bridge, minting $1.1 billion worth of DOT tokens before making a tiny fraction of that tally by selling it.
Hyperbridge, a decentralized bridge connecting the Polkadot ecosystem to the Ethereum network, suffered a major security breach that allowed an attacker to mint 1 billion unauthorized DOT tokens. However, the hacker's potential multimillion-dollar payday was drastically cut short to around $240,000 as there simply was not enough liquidity to cash out the fabricated assets.
An attacker exploited Hyperbridge's contract and minted 1 billion bridged DOT tokens on Ethereum, obtaining approximately $237,000. Security firm CertiK explained that the attacker forged a message to seize administrative control of the token contract on Ethereum before selling the funds.
Polkadot-Ethereum Hyperbridge exploit mints 1B fake DOT, but thin liquidity limits attacker haul to about $237K while exposing deep cross-chain verification flaws.
On April 13, 2026, the bridge facilitating Polkadot's DOT token transfers to Ethereum was compromised. Unauthorized actors have allegedly exploited administrative privileges in the bridge's smart contract on the Ethereum network, enabling the creation of 1 billion unbacked DOT tokens.
A Hyperbridge exploit minted 1 billion DOT on Ethereum, crashing DOT price 7% in minutes. Here's what the technical breakdown means for Polkadot's price prediction and what traders are watching next.
An attacker minted $1 billion in fraudulent Polkadot tokens on Ethereum but extracted just $250,000 before liquidity dried up.
Hyperbridge exploit on Polkadot triggers $240K loss after admin takeover.
A Hyperbridge exploit let an attacker mint 1 billion bridged Polkadot tokens on Ethereum and cash out about $237,000, reviving debate over bridge security.
Polkadot (DOT) price dropped 5% in minutes following a Hyperbridge exploit where an attacker minted 1 billion fake DOT on Ethereum, causing $20M in market cap loss.