Bad News for Altcoin Hacked Today! Three Major Exchanges Added It to Their Watchlist Could Be Delisted!

Polkadot ($DOT) — one of the earliest altcoins in the cryptocurrency market — is back on the spotlight today following an attack by hackers that has been hacking.

While this attack didn’t directly target the Polkadot network, it prompted action from South Korea’s three largest cryptocurrency exchanges.

Today, the nation’s three biggest exchanger-upbit (along with Bithumb and Coinone), said they have added Polkadot to their delisting watchlist. South Korean exchanges had earlier in the morning said they were suspending $DOT deposit and withdrawal transactions.

exchanges said this decision was made following confirmation of a security breach (unrequited or unaddressed hacking) that affected the asset’’s wallet or distributed ledger.

What happened?

The hacker smashed Hyperbridge, a platform that connects cryptocurrencies to each other as you may recall. The attackers illegallyminted $DOT tokens on Hyperbridge and the Ethereum network, which they cloned into the system as if it was real, then sold these $Do token.

But analyst notes that the loss suffered in $DOT is comparatively small because of the token’s limited liquidity and low liquidity.

According to the data, $DOT continues to trade at $1.15, down approximately 6%.

*This is not investment advice.

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