- Hyperbridge raised its Token Gateway loss risk.
- Polkadot said the incident only affected DOT via the Hyperbridge, while native DOT remained unaffected.
- The price of Polkadot recovered from the initial decline and held above $1.33.
After executing the transaction within the Hyperbridge Token Gateway, the initial estimate is uploaded. Although the initial earnings lowered the price of Polkadot by 3%, the new estimates have resulted in little change in the market prices. The new estimate comes as Polkadot trades nearly 100% below its all-time high.
Hyperbridge Exploit Recap: What Happened to Bridged DOT?
Hyperbridge has raised its April 13 loss target to about $2.5 million after reviewing the data. The service first reported a $237,000 loss from the original appearance. Polkadot then confirmed that the incident affected only the DOT that went through the Hyperbridge to Ethereum. Hyperbridge said it reviewed transactions at Ethereum, Base, BNB Chain, and Arbitrum before reviewing the figure. The group said the attackers’ operations were carried out in two phases and included losses from reinforcement units. The review pushed the losses to $2.5 million.
The project tracked the DOT’s virtual trading on Ethereum after it was implemented. Later, researchers found that the attacker had already extracted about 245 ETH from Token Gateway. The second phase involved the illegal minting of 1 billion bridged DOT tokens. Polkadot said the incident affected only the DOT that passed through the Hyperbridge and did not affect the native DOT.
The network also said that Polkadot’s ecosystem has not faced any direct problems. Hyperbridge said the transaction remained separate from its Token Gateway division. Researchers traced the error to Merkle Mountain Range proof in Hyperbridge’s HandlerV1 system. Hyperbridge said the attacker created encrypted messages and controlled the admins on DOT contracts. All Token Gateway shutdowns will be suspended while Hyperbridge completes the patch and prepares an independent report.
Polkadot Price Remains Above $1.33 After Pullback From Pullback
After the action, Polkadot DOT-0.94% he struggled to hold his levels, to dip. At press time, CoinMarketCap data shows Polkadot’s price at $1.33, up 0.77% in the last 24 hours. The price went up a lot, then it went down to $1.31. This decline signaled weakness in the sector before moving higher again.
A recovery followed, pushing Polkadot’s price above $1.34 in a strong rally. The advance continued to widen and the price exceeded $1.35 at the local peak. After the meeting, the DOT pulled back but stayed above the lows.
Polkadot’s price then moved slightly, fluctuating repeatedly between $1.33 and $1.35. A few short dips appeared during this period, however each drop found support above $1.32. Subsequent events kept DOT near the top of the list.
The last stretch showed another lift from the lower band back to $1.33. The market size stood at $2.24 billion, while the 24-hour volume reached $235.48 million. Moving averages showed early declines, strong rebounds, and steady selling near the sector’s highs.
Polkadot Price Rebounds Up to $1.50 as Regression Bands Strengthen
According to TradingView technical analysis, Polkadot tree it has been going down for months as many kernel update groups go down. The price repeatedly failed near the top of the regression line, and each rejection produced another type of low trade. Meanwhile, the bearish band acted as support before a new weakness pushed the price below the previous levels.
Recently, the price settled near the low point and stopped printing damages. That change changed the design from a slow-moving to a well-integrated unit. Recent candles also push up from support instead of immediately pulling back on each strike.
Previous rebounds within this range have often stalled before reaching the top group. The current setup is different because the price is now closer to the midrange after repeated tests of the bottom group. That behavior showed strong support and a slower pace of sales.
The lower low line now stands as the first support point near the current base. The line back to the top remains the area of greatest resistance near the next ceiling. If Polkadot’s price continues to support, the next move will be near the middle band, then the top band will be $1.50. Once the momentum fades, the price may return to the lower band near $1.10 before retesting.
