A forged cross-chain message bypassed state proof validation on the bridge contract, granting admin control over the bridged DOT token and allowing the attacker to mint and dump the entire supply for $237,000.
Attacker mints $1 billion Polkadot tokens on Ethereum, ends up stealing just $250,000
A forged cross-chain message bypassed state proof validation on the bridge contract, granting admin control over the bridged DOT token and allowing the attacker to mint and dump the entire supply for $237,000.
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Co‑founder Tiancheng Xie revealed that Polyhedra Network is launching a buyback strategy to support ZKJ token prices after an “egregious” liquidity attack wiped out over 80% of its value.
Consensys did not reveal the financial details of the deal, which could bring improvements to MetaMask's onboarding process.
Other experts in the crypto community, such as Adam Back and Peter Todd, are less convinced of the near-term threat.
The upgrade will boost throughput, keep validators efficient and, most importantly, strengthen Ethereum's value capture by putting a floor under blob fees.