An Altcoin Listed on Major Exchanges Was Hacked! Hacker Minted 1 Billion Tokens Price is Dropping!

As hacking incidents continue to increase in the cryptocurrency market, the latest news comes from Ethereum ($ETH).

A cyberattack on the Ethereum ($ETH) network, where a large amount of Polkadot ($DOT) was created without permission, according to blockchain security firm PeckShield.

Hackers reportedly created about 1 billion Polkadot ($DOT) tokens without permission on the Ethereum network and sold them on market.

Analyses suggest that a security vulnerability on the Polkadot Bridge may be the cause.

However, losses in $DOT are relatively small because the token is limited and low liquidity, analysts note.

Data shows that $DOT still trades at $1$ apiece, according to the data. 18 – down about 3 or more s. Six percent of South Korean exchanges Upbit and Bithumb suspended $DOT deposits and withdrawals, while 6% were suspended.

Polkadot has not yet made an official statement.

*This is not investment advice.

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