- Hyperbridge has raised its Token Gateway exploit loss estimate.
- The accident only affected the DOT via Hyperbridge, while the original DOT remained intact, Polkadot said.
- Polkadot price recovered from the early decline and settled above $1.33.
After the exploit occurred within the Hyperbridge Token Gateway, initial estimates were raised. While the initial exploit caused Polkadot’s price to fall by 3%, the new estimates caused limited changes in the market price. This new estimate comes at a time when Polkadot is trading almost 100% below its all-time high.
Hyperbridge Exploit Recap: What Happened to Bridged DOT?
Hyperbridge Exploit loss estimates were raised on April 13 to around $2.5 million after a broader cross-chain review. The project first reported losses of approximately $237,000 from early visible activity. Polkadot then confirmed that the incident only affected DOT which was hyperbridged to Ethereum. Hyperbridge said it reviewed transactions across Ethereum, Base, BNB Chain and Arbitrum before revising the number. The team said the attacker’s activity took place in two phases and included losses from incentive pools. This review pushed realized losses to approximately $2.5 million.
The project first tracked visual sales of bridged DOT on Ethereum after the exploit. Later, investigators found that the attacker had already extracted about 245 Ethereum from Token Gateway. The second phase then involved the unauthorized minting of approximately 1 billion bridged DOT tokens. Polkadot said the exploit only affected DOT that was connected via the Hyperbridge and did not affect the original DOT.
The network also said that the broader Polkadot ecosystem did not face a direct impact. Hyperbridge said the exploit remained isolated to its Token Gateway component. Researchers traced the flaw to a proof check of the Merkel Mountain Range in Hyperbridge’s HandlerV1 track. Hyperbridge said the attacker forged cross-chain messages and gained administrative control over bridged DOT contracts. All Token Gateway bridging operations remain paused while Hyperbridge finishes patching and prepares an independent audit report.
Polkadot price holds above $1.33 after bouncing back from the decline
After exploitation, Polkadot a point-0.94% He struggled to maintain his levels, falling backwards. At press time, CoinMarketCap data showed Polkadot’s price at $1.33, up 0.77% over the past 24 hours. The price rose early, then slid into a deeper decline below $1.31. This decline marked the weakest stretch of the session before momentum turned higher again.
A sharp rebound followed, pushing Polkadot’s price above $1.34 in a strong upward move. The advance extended further and briefly carried the price beyond $1.35 at its local peak. After this rise, the DOT index retreated but remained above the previous low area.
Polkadot price then moved in a narrower range, with frequent fluctuations ranging between approximately $1.33 and $1.35. Several short dips appeared during that phase, but each downward move found support above $1.32. Subsequent action kept DOT near the top of that range.
The latest stretch showed another rise from the lower range towards $1.33. The market value reached $2.24 billion, while the 24-hour trading volume reached $235.48 million. The overall movement showed an early pullback, a strong recovery, and firmer trading near the session highs.
Polkadot price is looking to recover towards $1.50 as the regression bands narrow
According to TradingView technical analysis. Polkadot price It has been in a downtrend for several months as multi-core regression ranges continue to decline. The price repeatedly failed near the upper regression band, and each rejection produced another lower trading band. During this stretch, the lower band served as support before new weakness pushed the price below previous floors.
Recently, the price stabilized near the lower regression zone and stopped printing sharp collapses. This transformation changed the structure from a phase of rapid decline to a phase of more stable consolidation. The recent candles also pressed upwards from support instead of immediately pulling back after each bounce.
Previous rallies within this trend have often stalled before reaching the upper band. The current setup is different because the price now remains closer to the middle band after repeated tests of the lower band. This behavior showed stronger support and slower pace of selling pressure.
The lower regression line now stands as the first support area near the last base. The upper regression line remains the main resistance area near the ceiling of the next recovery. If Polkadot price continues to hold above the support level, the next upside target is near the middle band first, then the upper band around $1.50. If the momentum fades, the price could return towards the lower band near $1.10 before attempting another bounce.
