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Polkadot Cross-Chain Bridge Attacked, 1 Billion DOT Maliciously Minted and Dumped

3 hours ago

April 13 — PeckShield monitoring has detected that 1 billion DOT tokens were maliciously minted and sold on the Ethereum blockchain. On-chain data shows that roughly an hour ago, the attacker exploited admin privileges to transfer contract control to a malicious address, minted 10 billion DOT, and immediately dumped the tokens — sending the price plummeting from $1.22 to near zero. The situation remains ongoing, with no official response yet from Polkadot. The attack targeted bridged assets on Ethereum, not Polkadot’s native chain.
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RAVE Surpasses $10, Becomes Top Liquidation in Nearly 12 Hours

On April 13th, per HTX data, RAVE surged above $10 with a 24-hour jump of 241.35%. The total value locked in RAVE contracts across the network was liquidated to $17.67 million over 12 hours, leading the network in such metrics. Previously, per EmberCN monitoring, a RAVE whale manipulated the spot price before using derivatives contracts to lock in gains. Recently, the whale has used on-chain activity to mislead users: - Over the past three days, it transferred 30.58 million RAVE (valued at $42 million) to Bitget to lure short positions. - Over the past two days, it withdrew 31.94 million RAVE from Bitget back to on-chain wallets while orchestrating a sharp surge in RAVE’s spot price on platforms like Bitget.

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Polkadot: Polkadot, Parachains, and native DOT remain secure and unaffected by Hyperbridge

April 13th: The Polkadot team noted, “We’ve identified an issue with the Hyperbridge Ethereum gateway contract. This vulnerability only impacts DOT that was bridged to Ethereum via Hyperbridge—it does not affect DOT within the Polkadot ecosystem or DOT transferred through other cross-chain bridges. Polkadot, its parachains, and native DOT remain secure and unaffected. Hyperbridge is currently paused while it conducts an investigation into the issue.”

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Solana Ecosystem Meme Coin NFT Market Cap Hits $40 Million, Surges 40% in 24 Hours

April 13 — Per GMGN monitoring data (link: https://gmgn.ai/sol/token/i_m4TE56o8_Ce2gx9KGXJ6C9Mp5b5x1sn9Mg87JwEbrQby4Zqo3pump), Solana-based meme coin NEET has surged in market capitalization today, hitting $40 million. It’s currently trading at $0.039, up 40% over the past 24 hours. Previously, NEET rebounded after its market cap dropped below $7 million on February 12, and it has posted steady minor gains in recent days. BlockBeats notes that meme coins lack practical use cases, carry extreme price volatility, and investors should exercise caution.

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Iranian Military: Regional Port Security Should Be ‘Either Everyone’s or No One’s’

On April 13 (local time), CCTV News reported that a spokesperson for Iran’s Armed Forces’ Hatam Anbia Central Command stated the security of Persian Gulf and Gulf of Oman ports “is either for everyone or no one.” Analysts say the Iranian military’s comments target prior U.S. statements about blocking Iranian port vessels and restarting strikes against Iran.

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Iranian Military Says Will Implement 'Hormuz Strait Permanent Security'

April 13 (Xinhua) — Iran will firmly implement the “Permanent Mechanism for Controlling the Strait of Hormuz” amid threats, a spokesperson for the Islamic Revolutionary Guard Corps (IRGC) Central Headquarters said Wednesday. The spokesperson, Hatam Anbria, noted the move comes as Iran faces threats, per the Xinhua News Agency report.

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Iranian Official Says U.S. Not Sincere in Negotiations

**April 13 –** Ibrahim Azizi, head of Iran’s Parliamentary National Security Committee, said in an April 12 local-time interview that the U.S. failed to negotiate in good faith during talks in Islamabad, Pakistan, from April 11 to 12. Instead, Washington attempted to impose its will on Tehran under the guise of diplomacy, he added. Azizi noted Iran engaged with the U.S. amid deep distrust, firmly defending the Iranian people’s interests on nuclear issues, the Strait of Hormuz, sanctions relief and other core demands. When the U.S. recognized Iran’s resolve, it backed down, he stated.

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