ME News reports that on April 13 (UTC+8), PeckShield monitoring revealed that 1 billion DOT tokens were anomalously minted and sold on the Ethereum chain. On-chain data shows that approximately one hour ago, the attacker exploited compromised administrative privileges to transfer contract control to a malicious address, then minted 1 billion DOT tokens and immediately sold them, causing the token price to plummet from $1.22 to nearly zero. The incident is still unfolding, and the Polkadot official team has not yet issued a response. This attack targeted bridge assets on Ethereum, not Polkadot’s native chain. (Source: ChainCatcher)
100 million DOT tokens minted and dumped on Ethereum via Polkadot bridge exploit
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Summary
On-chain data shows that 100 million DOT tokens were anomalously minted and dumped onto Ethereum via a Polkadot bridge exploit on April 13 (UTC+8). The attackers exploited an admin privilege vulnerability to transfer contract control and mint tokens, which were immediately sold. On-chain analysis reveals the price dropped from $1.22 to near zero. The incident impacted the Ethereum-based bridge asset, not the Polkadot mainchain. The team has not yet responded. (Source: ChainCatcher)
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