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Crypto News Today

The $1 Billion Fake DOT Hack: Why Crypto’s Bridge Problem Is Still Not Solved

12 min14 april 2026

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In today’s Daily Crypto Deep Dive, we break down the shocking Hyperbridge exploit that saw roughly 1 billion fake DOT minted on Ethereum, and why the story is far bigger than the dollar amount the attacker actually escaped with.We cover what really happened, why this was not the Polkadot chain itself being broken, how the hacker turned fake bridged DOT into real ETH, why the cash-out was much smaller than the headline suggested, and why yet again crypto is left with another exploit where the attacker appears to have vanished without being caught.This episode looks at bridge risk, wrapped asset danger, liquidity stress, exchange reaction, and the deeper question hanging over the industry: if crypto wants a true multi-chain future, why do the roads between chains still look so easy to attack?#Crypto #Polkadot #DOT #CryptoHack #Hyperbridge #Ethereum #DeFi #BridgeHack #CryptoNews #DailyCryptoDeepDive

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