As hacking incidents continue to increase in the cryptocurrency market, the latest news comes from Ethereum (ETH).
According to blockchain security firm PeckShield, a cyberattack occurred on the Ethereum (ETH) network in which a large amount of Polkadot (DOT) was minted without authorization.
Hackers reportedly minted approximately 1 billion Polkadot (DOT) tokens without authorization on the Ethereum network and sold them on the market.
Analyses suggest that a security vulnerability on the Polkadot Bridge may be the cause.
Analysts note that the losses experienced in DOT are relatively small due to the limited and low liquidity of the token.
According to the data, DOT continues to trade at $1.18, down approximately 3.6%, while South Korean exchanges Upbit and Bithumb have suspended DOT deposits and withdrawals.
Polkadot has not yet made an official statement.
*This is not investment advice.
