Hyperbridge Smart Contract Vulnerability: $2.50M Reported Loss
Based on monitoring by CertiK Alert, the Hyperbridge gateway contract fell victim to an exploit.
- Reported loss
- $ 2,500,000
- Attack category
- Smart Contract Vulnerability
Incident Overview
The attacker utilized forged messages to manipulate administrative permissions of the Polkadot token contract on the Ethereum network. By unauthorized minting and liquidating 1 billion tokens, the attacker realized a profit of roughly $237,000. On April 16, it was reported that according to an official announcement from Hyperbridge, its token gateway was attacked on April 13. The estimated losses have been revised from approximately $237,000 to about $2.5 million, mainly affecting incentive liquidity pools on Ethereum, Base, BNB Chain, and Arbitrum.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.