PANews reported on November 23 that, according to on-chain analyst Yu Jin, a hacker exploited a PORT3 bridging vulnerability three hours ago to mint 1 billion $PORT3 tokens, which were then sold on-chain, causing $PORT3 to drop by 76%. The hacker sold a total of 162.75 million tokens, receiving 199.5 BNB (US$166,000). Subsequently, the PORT3 project removed on-chain liquidity, and some centralized exchanges suspended PORT3 deposits. Unable to continue selling tokens, the hacker destroyed the remaining 837.25 million PORT3 tokens 40 minutes ago.PANews reported on November 23 that, according to on-chain analyst Yu Jin, a hacker exploited a PORT3 bridging vulnerability three hours ago to mint 1 billion $PORT3 tokens, which were then sold on-chain, causing $PORT3 to drop by 76%. The hacker sold a total of 162.75 million tokens, receiving 199.5 BNB (US$166,000). Subsequently, the PORT3 project removed on-chain liquidity, and some centralized exchanges suspended PORT3 deposits. Unable to continue selling tokens, the hacker destroyed the remaining 837.25 million PORT3 tokens 40 minutes ago.
Hackers exploited a PORT3 bridging vulnerability to issue 1 billion new tokens and then dump them, while destroying the remaining 837 million tokens.
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PANews reported on November 23 that, according to on-chain analyst Yu Jin, a hacker exploited a PORT3 bridging vulnerability three hours ago to mint 1 billion $PORT3 tokens, which were then sold on-chain, causing $PORT3 to drop by 76%. The hacker sold a total of 162.75 million tokens, receiving 199.5 BNB (US$166,000). Subsequently, the PORT3 project removed on-chain liquidity, and some centralized exchanges suspended PORT3 deposits. Unable to continue selling tokens, the hacker destroyed the remaining 837.25 million PORT3 tokens 40 minutes ago.
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