Attacker Exploits Hyperbridge Vulnerability, Mints $1 Billion in Polkadot Tokens but Only Profits $250,000
While cryptocurrency hacks are commonplace, instances where attackers take significant risks only to gain minimal profits are rare. Such a scenario occurred on Sunday when an attacker exploited a vulnerability in Hyperbridge's cross-chain gateway, connecting various blockchains, to mint 1 billion Polkadot tokens on Ethereum, valued at $1.19 billion, and subsequently sold them for roughly $237,000…
April 13, 2026, 7:16 a.m.