Affected by security incidents on cross-chain platforms, DOT market confidence was hit in the short term, with the price breaking below the key support level of $1.17. Currently, $1.15 serves as the short-term boundary between bulls and bears. If this is breached, the next target is the $1.05 range. Upward recovery requires consistently reclaiming the resistance levels at $1.24 and $1.30, but without buying support, an effective reversal is unlikely. On the fundamental side, the core network security of the project has not been substantially affected. The subsequent progress of cross-chain security improvement and ecosystem recovery will dictate the pace of mid-term valuation re-rating. It is advised to avoid blind bottom-fishing, adopt a wait-and-see approach in the short term, pay attention to security audits and signs of capital inflow, and wait for stabilization before participating.

Recently, a major cross-chain platform in the Polkadot ecosystem was exploited by attackers due to the lack of Merkle proof logic input validation, resulting in the illicit minting and selling of 1 billion DOT. Although only about $237,000 was cashed out due to low liquidity, market confidence was hammered in a short time. Several major exchanges consecutively suspended DOT deposits and withdrawals and put them under observation, leading to the price plummeting from the pre-incident level of around $1.22 to about $1.15, with a maximum intraday drop close to 6%. Although this security event did not affect the main chain's core code, panic sentiment rapidly spread in the secondary market, creating a clear bearish shock.

An address starting with 0x52f70 spent about $600 to exploit the recent Polkadot inflation attack involving 1 billion new DOT tokens. By buying low and selling high on Ethereum, then bridging to the Base network via Hyperbridge, it sold 503K DOT for 68.72 ETH, earning roughly $150K in profit. The overall attacker profit from the DOT inflation attack totaled approximately $236K.

An address spent approximately $600 to arbitrage the DOT issuance attack, profiting approximately $150,000 through cross-chain transactions.

Polkadot ($DOT) faced a security incident after a hacking attack on Hyperbridge, a platform bridging cryptocurrencies, where attackers illegally minted and sold $DOT tokens. Although the Polkadot network was not directly targeted, South Korea’s three largest exchanges—Upbit, Bithumb, and Coinone—have suspended $DOT deposits and withdrawals and added it to their delisting watchlist. The token’s price dropped about 6% to $1.15, with relatively small losses due to low liquidity.

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

Hyperbridge revealed that a flaw in the Merkle proof verification logic of its HandlerV1 contract allowed an attacker to forge proofs, gain admin rights, and mint 1 billion bridged DOT tokens, causing losses of about $237,000. The vulnerability stemmed from missing input validation in the VerifyProof() function. Hyperbridge is collaborating with security partners to trace the stolen funds and has suspended cross-chain operations pending investigation.

Hyperbridge issued an update on the attack, stating that the vulnerability stemmed from a flaw in the Merkle proof verification logic.

Hyperbridge gateway contract was attacked, with the attacker forging messages to alter the admin rights of the Polkadot token contract on Ethereum. The attacker minted and sold 1B tokens, profiting approximately $237,000.

The Hyperbridge gateway was attacked through a contract exploit, with hackers minting and selling 1B DOT to profit approximately $237,000.

A hacker exploited a bug in Hyperbridge, a crypto bridge, to create one billion counterfeit Polkadot DOT tokens on the Ethereum blockchain, valued at $1.2 billion. Due to low liquidity, the hacker sold the tokens for just over $237,000 in Ether via Uniswap. The protocol is paused while the bug is fixed. The incident highlights ongoing vulnerabilities in crypto bridges, despite no flaw found in Polkadot’s core code.

A hacker created $1.2B of counterfeit crypto. They only sold it for $237,000.

From the daily chart perspective, DOT has pulled back from the high of $1.64 in mid-March, saw a brief rebound to around $1.33 at the beginning of April, and then continued to decline. On April 14, it broke through the $1.17 support area with increased trading volume, indicating stronger downward momentum. The short-term key support now lies at the $1.15 to $1.16 range; if this area fails, the next target is the historical low near $1.05. On the upside, resistance levels are at $1.24 and $1.30; a recovery above these levels would help alleviate bearish pressure, but a strong buying force is needed to create an effective reversal signal.

After the event, short-term sentiment turned pessimistic, with sellers fearing more undiscovered vulnerabilities related to bridge security, and the market became noticeably more sensitive. Meanwhile, Bitcoin futures open interest has dropped to half the level of the same period last year, indicating lower overall market leverage, allowing small capital movements to trigger large swings as liquidity marginally improves. It is noteworthy that the Polkadot core network was not affected by the attack. The project team quickly collaborated with security partners to investigate and fix vulnerabilities, and the underlying protocol's security remains strong. In the medium to long term, if the cross-chain protocol achieves security reinforcement and on-chain business resumes, the network value and ecosystem applications may see an opportunity for a post-adjustment revaluation.

Bitcoin futures open interest has halved from $42 billion in October 2025 to $21 billion, indicating a deep market deleveraging. Current low leverage means even small capital inflows can significantly impact prices. Funding rates have fluctuated sharply between -12% and +7%, showing rapid shifts in market sentiment. Despite ongoing geopolitical tensions, no major liquidations have occurred since early February, reflecting a healthier position structure. Bitcoin awaits a clear directional trend amid heightened market sensitivity.

Analysis: The market has undergone a round of deep deleveraging, and Bitcoin is waiting to choose a direction.

1 billion DOT tokens were minted out of thin air, but the hacker only earned $230K.

Crypto prices saw a slight decline with the global market cap down 0.9% in 24 hours. Bitcoin holds above $70,700, Ethereum is around $2,185, and Polkadot (DOT) is at $1.19. RaveDAO surged 190% to $6.18 despite broader market weakness. Rising tensions in the Strait of Hormuz caused oil prices to surge 9.5%, reaching $105 per barrel.

Crypto Price Today: Bitcoin Holds $70.7k, ETH Dips, DOT Slips as US Imposes Hormuz Blockade; OIL Surges, RAVEDAO Soars 130%

Polkadot

Sumitomo Mitsui Banking Corporation: Bank of Japan may still raise interest rates in April

Former Treasury Secretary and ex-Fed Chair Janet Yellen says she still sees prospects for a US rate cut later this year, though the unfolding oil shock caused by the war in Iran clouds the outlook.

Why Is Crypto Up Today? Cooling Inflation and Fed Rate Cut Bets Spark Market Rally

ECB’s Lane says persistent inflation could still force rate hikes

Former US Treasury Secretary Yellen: Still believes the Fed is likely to cut interest rates this year.

Goolsbee: The Federal Reserve may not cut interest rates until 2027.

Ethereum briefly surges to $2,400 as geopolitical relief boosts crypto, stocks

Dollentz: The European Central Bank will raise interest rates if the inflation impact lasts longer.

The probability that the Federal Reserve will keep interest rates unchanged in April is currently 99.5%.

The probability of the Fed cutting rates once in 2026, as traded on Kalshi, is only 24.8%.

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Live chart for Polkadot to USD conversion. Check out DOT to USD prices in real time. Convert, buy, sell, and trade Polkadot on Bybit-ge.

Polkadot Price: DOT Live Price Today | DOT Market Cap & Chart Analysis | Bybit-ge

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DOT price today is 1.16, with a live price change of -2.98 in the last 24 hours. Convert, buy, sell and trade DOT on Bybit-ge.

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