Attacker Exploits Hyperbridge Vulnerability, Mints $1 Billion in Polkadot Tokens on Ethereum but Only Nets $250,000
Cryptocurrency hacks have become commonplace, but instances where attackers take substantial risks only to reap minimal rewards are rare. One such unusual case occurred on Sunday, when an attacker exploited a vulnerability in Hyperbridge's cross-chain gateway, connecting various blockchains, to mint 1 billion Polkadot tokens, valued at $1.19 billion, on the Ethereum network, and subsequently sold…
April 13, 2026, 7:16 a.m.