DOT Plunges 7% in Minutes as Hackers Exploit Polkadot Bridge to Mint 1 Billion Tokens

Polkadot’s native token plunged by over 7% in minutes after reports emerged that a hacker minted a billion tokens on the Ethereum mainnet and sold them off. The asset traded at $1.24 before it plunged immediately to $1.15, but managed to recover some ground and now trades around $1.20. Arkham reported that an unknown attacker minted one billion DOT on Ethereum and sold them straight into the liquidity pool. Thu…