DOT Plunges 7% in Minutes as Hackers Exploit Polkadot Bridge to Mint 1 Billion Tokens

DOT Plunges 7% in Minutes as Hackers Exploit Polkadot Bridge to Mint 1 Billion Tokens

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Polkadot’s native token plunged by over 7% in minutes after reports emerged that a hacker minted a billion tokens on the Ethereum mainnet and sold them off. The asset traded at $1.24 before it plunged immediately to $1.15, but managed to recover some ground and now trades around $1.20. Arkham reported that an unknown attacker minted one billion DOT on Ethereum and sold them straight into the liquidity pool. Thus, they removed over $240,000 in ETH across multiple transactions. Lookonchain confirmed the exploit and the attacker’s profit, which was $237,000 (108.2 ETH). Wu Blockchain cited data from Certik, which

Source: https://cryptopotato.com/dot-plunges-7-in-minutes-as-hackers-exploit-polkadot-bridge-to-mint-1-billion-tokens/