Crypto Hacker Mints $1.1 Billion in Polkadot via Ethereum Bridge, But Can Only Cash Out $237K

https://decrypt.co/364131/crypto-hacker-mints-billion-polkadot-ethereum-bridge-cashes-out-237k

5 Comments

  1. lol- of course it’s Hyperbridge. One of the most insufferable and arrogant teams in web3. Seun Lanlege and David Salaami literally name-called their investors for the best part of a year. They then lost their only CEX listing after 6 months, and then couldn’t be bothered to create a DEX listing. Karma.

  2. Django_McFly on

    Polkadot works where bridges can mint the actual real DOT token? Like not that they store it in wallets and issue some bridged token and release it when you bridge back, but that the bridge actually has like functionality on chain to mint new DOT. That seems like a crazy risk.

    More stuff like this might start happening for ghost tokens. Old ass architecture on projects nobody is really checking for or paying attention too. You can’t get some insane payday but you could get something worth mentioning. A feeding ground for black hats with AI.