A vulnerability in the Polkadot bridge was exploited, leading to the unauthorized minting of 1 billion DOT tokens on the Ethereum network. These tokens were quickly sold, causing the DOT price to plummet from $1.22 to nearly zero. The attack targeted bridge assets on Ethereum, not Polkadot's native chain, and the Polkadot team has yet to respond.
Bitcoin has surged past $74,000, marking a 5% increase in the last 24 hours. This rise comes amid growing market confidence in Bitcoin's resilience to geopolitical tensions. Institutional interest remains strong, with Strategy acquiring 13,927 BTC for $1 billion last week, and BitMine increasing its ETH holdings by 71,524 ETH, now holding 4.04% of the total ETH supply.
Polkadot Bridge Exploit Mints 1 Billion DOT, Bitcoin Surges Past $74,000
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