Hyperbridge: Hack Losses Reach $2.5M
Polkadot's Hyperbridge reveals $2.5M hack losses, 10x higher than initial reports, impacting DOT price prediction and crypto bridge security.
SourcePolkadot bridge protocol Hyperbridge disclosed that losses from this week's exploit ballooned to roughly $2.5 million—a staggering 10x jump from the original estimates, underscoring vulnerabilities in cross-chain infrastructure amid rising crypto bridge security concerns. This revelation hits as the broader market grapples with similar breaches, echoing incidents over the past six months that have eroded trust in decentralized protocols, potentially pressuring DOT price prediction models and fueling calls for enhanced audits.
Zooming into the DOT 4h chart, price action at $1.32 presses against the upper resistance band at $1.31, where volatility exhaustion often triggers pullbacks; confluence builds here with the MACD flashing a bullish golden cross at 0.01 while RSI hovers neutral at 68.58, suggesting sustained upside if it holds above the EMA50 support at $1.23—but watch for a retracement to the EMA200 at $1.33 as overextension risks mount, much like the chop we saw in Bitcoin (BTC) during last quarter's volatility spikes.
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