Port3 was hacked this morning using a vulnerability to carry out a mint-and-sell attack, resulting in a cumulative price drop of over 82% as the exploited tokens were sold and burned.

On November 23rd, the AI Smart Agent Port3 Network issued a security alert on social media this morning. It was stated that a hacker took advantage of the BridgeIn vulnerability to mint an additional (10 billion tokens). In order to protect users, the team removed some liquidity and was preparing to communicate with the hacker. On-chain data shows that the hacker sold a large amount of tokens on the chain but did not deposit them into a centralized exchange (CEX). Subsequently, the Port3 team removed the on-chain liquidity, preventing the hacker from further cashing out. Some exchanges also shut down their deposit channels. Eventually, the hacker burned all the remaining tokens. Market data shows that as of the time of writing, this event caused the PORT3 token to fall by 82%, dropping from this morning's $0.037 to a low of $0.0066 and now rebounding to $0.0086. The market capitalization is only $4.05 million and the fully diluted value (FDV) is $8.11 million.