Foresight News
Foresight News|Apr 16, 2026 12:24
Hyperbridge: Increases vulnerability loss to approximately $2.5 million, with some funds traced to Binance According to Foresight News, Hyperbridge has announced an increase in the estimated loss for the Token Gateway vulnerability incident on April 13th from approximately $237000 to approximately $2.5 million. The new losses will mainly come from incentive pools on Ethereum, Base, BNB Chain, and Arbitrarum. \The attacker bypassed MMR proof verification by forging cross chain messages, extracted approximately 245 ETH from the TokenGateway contract, and minted 1 billion bridged DOTs to sell to the liquidity pool. At present, most of the stolen funds have been traced to Binance on the chain, and the project team is in communication with Binance's compliance team and law enforcement departments. The project team stated that if the funds cannot be fully recovered, they will allocate Bridge tokens in a structured manner one year after the incident to make up for the remaining losses. Cross chain functionality will only be restored after the patch is independently audited.
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