Hacker Steals $237K after Minting 1B Bridged DOT on Hyperbridge
Summary
A hacker successfully exploited the Polkadot-based cross-chain protocol Hyperbridge by forging a message to change the admin of the Polkadot token contract on Ethereum. The attacker minted 1 billion bridged DOT tokens, though limited liquidity allowed them to siphon only about 108.2 ETH, valued at $237,000. Hyperbridge has paused operations to investigate a suspected vulnerability in its Merkle tree verifier, while native DOT tokens remain unaffected.
(Source:Cointelegraph)