An update on the April 13 Hyperbridge Token Gateway exploit.
Our initial loss estimate of approximately $237K has been revised upward to approximately $2.5M, with most of the increase reflecting losses from incentive pools across Ethereum, Base, BNB Chain, and Arbitrum.
A scammer has been hacked‼️
I was waiting for the right time to make this post.
Hackers minted 1 billion Dot tokens on the ETH Chain and sold them off.
Keyword: “Hack was due to Hyperbridge Gateway vulnerability”
Unfortunately, the @Polkadot native token suffered the hit. Not really sorry for them because what do they expect from dealing with thieves?
For context, the Hyperbridge team scammed their KOLs after having a deal by changing the terms when it was time to pay up. From then I knew the team was not honest and was not to be trusted.
The native token of Hyperbridge is BRIDGE. BRIDGE IS A LIQUIDITY-LESS TOKEN:
Market cap: $871k
Total supply: 1 billion
Status: A rug
According to Coingecko, the token has no trading pair and is not tradeable on any exchange.
Seun and his team used monies meant to secure and support token and ecosystem growth to buy cars and leave fake lifestyle on social media while scamming kols that posted their product
Another day in the crypto industry…
1️⃣ Hard forks, EIPs & ERC in Ethereum.
Ethereum doesn’t upgrade like normal software.
It upgrades through hard forks, EIPs, and ERC standards.
Here’s the simplest way I understand how it works 👇
Dear @silverpenydr & @TosinOlugbenga
I have been following the #10kLaptopsProject history and the policies been put in place to make it fair, valid, and structured.
With this in mind, please indulge me with this proposition;
🧵
Not sure why people have opinions on how to spend money they don't have. I've personally been at 7 figures since 2021.
I'm not even trying to brag but I quit a $400k/yr role to work on hyperbridge full time
0.0000001% have this kind of conviction.