Polkadot Bridge Hacked: 1 Billion DOT Minted and Dumped
- Incident Overview: On April 13, 2026, the Hyperbridge cross-chain gateway was exploited, allowing the attacker to mint 1 billion DOT tokens, causing their price on Ethereum to plummet from $1.22 to near zero, highlighting severe liquidity issues in the market.
- Market Impact Analysis: The minted DOT tokens had a theoretical value of $1.1 billion, but the attacker only realized 108.2 ETH (approximately $237,000), indicating that the actual liquidity for DOT on Ethereum was only $237,000, far below its perceived value, reflecting a collapse in market confidence for the bridged asset.
- Governance Mechanism Challenge: This incident occurred shortly after the Polkadot community implemented a hard supply cap of 2.1 billion DOT, bypassing the governance mechanism intended to enhance token scarcity, leading the community to grapple with the difficult decision of whether to inflate supply to compensate affected liquidity providers.
- Response Measures: Security firms PeckShield and CertiK are tracking the movement of the attacker's funds, while Upbit has suspended all DOT deposits and withdrawals; efforts are underway to isolate the compromised Hyperbridge contract to prevent further unauthorized minting, with users warned against interacting with bridged or wrapped DOT on Ethereum.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DOT
Technical Sentiment Analysis for Polkadot (DOT). As of , Polkadot (DOT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DOT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Polkadot (DOT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.93 | 1.038 | 1.144 | 1.252 | 1.358 | 1.466 | 1.572 |
| Fibonacci | 1.038 | 1.12 | 1.171 | 1.252 | 1.334 | 1.385 | 1.466 |
About DOT
About the author
