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New韭: On-chain $DOT resets to zero, go quickly to the exchange to short DOT, no wait, why isn't it falling yet?
Polkadot's bridge on Ethereum, Hyperbridge, was found to have a vulnerability by hackers.
The hackers forged a message, tricked the proof verification, and gained admin rights to the bridged DOT contract on Ethereum.
Then they arbitrarily issued 1 billion fake DOTs out of thin air and immediately sold them on DEXs like Uniswap v4 and Odos.