According to breaking news, the PORT3 token has been hacked. The hacker has minted 1 billion tokens and is currently releasing them.
PORT3 is currently traded on Bybit and Gate, and MEXC exchanges, and on Binance, it is available on Binance Alpha, a pre-listing pool.
According to on-chain data, an unknown attacker exploited a vulnerability in a smart contract to mint 1 billion PORT3 tokens. The market value of the minted tokens is estimated at approximately $13.07 million.
The attacker quickly began releasing the minted tokens into the market. So far, they have converted 156 million PORT3 to 1445.3 BNB for approximately $2.03 million. The remaining 844 million PORT3 remain in the attacker's wallet, creating potential selling pressure.
*This is not investment advice.
