Polkadot bridge has been used, attacker has taken control to use it and lost 1B DOT tokens


Polkadot-based cross-chain solution Hyperbridge has encountered a major flaw that allows attackers to create more than one billion tokens without permission and quickly dump them on Ethereum, as documented by blockchain security firm CertiK.

Chain analysis shows a breach occurred on April 13 when the threat wallet gained access to control the bridge connection. He then created 1 billion DOT on Ethereum and sold the entire amount within about an hour, which caused prices to drop from around $1.22 to almost zero in the affected pools.

The descendants of the Polkadot blockchain were not directly affected.

DOT fell from $1.23 to $1.17 when the reports broke, for CoinGecko.

Hyperbridge is a Polkadot interoperability coprocessor designed to securely communicate using cryptographic state and shared credentials across shared security parachains.

This is a growing issue. We will provide more updates as they become available.

Disclosure: This article was edited by Vivian Nguyen. To learn more about how we create and review content, see our Maintenance Procedure.





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