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Hacker Breaches Hyperbridge, Mints 1 Billion Polkadot Tokens

Hacker Breaches Hyperbridge, Mints 1 Billion Polkadot Tokens

Hacker exploited Hyperbridge, minted 1 billion DOT tokens.

On April 13, an unknown hacker exploited a vulnerability in the smart contract of the cross-chain bridge Hyperbridge, gained administrative rights, and minted 1 billion DOT tokens. This was reported by experts at CertiK.

After generating the tokens, the hacker sold the entire amount in a single transaction for 108.2 ETH (approximately $237,000).

The attack did not affect the main Polkadot network—only the ERC-20 version of its native coin, which operates on Ethereum.

At the time of writing, the project team had not commented on the incident.

Following news of the exploit, the DOT price fell by 4% to $1.19.

polkadot dot price polkadot
Hourly chart of DOT/USDT on Binance. Source: TradingView

Fake Ledger App

G. Love frontman Garrett Dutton lost 5.9 BTC (around $420,000) due to a fake Ledger app in the App Store.

“I had a really tough day. I lost all my retirement savings due to a hack,” he wrote.

The musician explained that he downloaded the wallet to a new computer and entered the seed phrase. However, the software turned out to be fraudulent, not official.

On-chain detective ZachXBT tracked the stolen assets. The perpetrator had already transferred the funds to deposit addresses on the KuCoin exchange, making nine transactions.

Neither Ledger nor Apple teams have responded to the incident.

Back in April last year, scammers targeted hardware crypto wallet users with paper letters.

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