Polkadot’s $DOT price dropped by more than 3% after a major exploit.
1 billion fake $DOT tokens were minted and then dumped on Ethereum.
The exploit is limited to bridges and not core networks.
According to PeckShield, hackers exploited a vulnerability in a Polkadot-Ethereum bridge on April 13, 2026, allowing them to mint 1 billion fake $DOT tokens on Ethereum. The attacker then quickly sold these tokens on decentralized exchanges, taking advantage of low liquidity to generate profit and trigger a price drop in $DOT.
#PeckShieldAlert 1B $DOT minted and dumped on #Ethereum #Polkadot @Polkadot pic.twitter.com/nETiBnvnvm
— PeckShieldAlert (@PeckShieldAlert) April 13, 2026
The exploit transaction originated from the address visible on Etherscan, which highlights yet another high-profile vulnerability in cross-chain infrastructure.
Polkadot’s price has dropped down by 3.69% in the last 24-hours to $1.19, dramatically underperforming a broader crypto market that is o
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