Invest ideas
Polkadot | DOT
$1.29
Coin info
Rank
#37
Market Cap
$2,743,105,455
Volume (24h)
$153,280,207
Circulating Supply
1,674,938,181.28
Total Supply
1,674,938,181.28
Do you think the price will rise or fall?
Rise 40%
Fall 60%
About Polkadot
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology. Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria. Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability. Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies' Substrate).
Price perfomance
Depth of Market
Depth +2%
Depth -2%
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News
See more16 Apr 2026, 20:50
Hyperbridge revises its exploit losses from approximately $237,000 to $2.5 million
Hyperbridge spent the last three days telling the market that the damage it took from its April 13 loss was manageable. But in its recovery update today, April 16, it revealed that the initial loss estimate, which was calculated at $237,000, was actually around $2.5 million. That near-10x recalculation has raised the seriousness of the exploit a few levels, compounded by the fact that this is a multi-chain incident with no recovery timeline in sight. It also comes off the back of Hyperbridge’s April Fools’ joke where claimed it was hacked by the Lazarus Group. How did $237,000 become $2.5 million? The $237,000 figure circulating on news sources was based only on the observable loss of bridged Polkadot (DOT) tokens on Ethereum. As it turns out, that was just the most visible part of an attack that had already been running for almost an hour before the $237,000 disappeared. According to Hyperbridge’s full recovery update blog post, the exploit happened in two phases. The first phase was a quiet extraction, moving nearly 245 ETH from a related TokenGateway contract before the second phase began. An hour later, a fake cross-chain message bypassed Hyperbridge’s Merkle Mountain Range proof verification logic, thus giving the hacker administrative control over the bridged DOT token contract and allowing them to mint approximately 1 billion bridged DOT tokens, which were subsequently dumped into other decentralized exchanges. The confirmed root cause of the attack, as identified by BlockSec Phalcon was a missing bounds check in the VerifyProof() function of Hyperbridge’s Handler V1 contract, written over two years ago. The initial $237,000 figure also did not account for losses from the incentive pools running across the four affected EVM chains. After Hyperbridge recorded all the attacker activity across Ethereum, Base, BNB Chain and Arbitrum, the two-phase structure of the attack as well as the associated pool losses revised the initial total to approximately $2.5 million valued in ETH and DOT at the time of the hack. An April Fools’ prank that could not look worse in retrospect The Hyperbridge exploit comes exactly twelve days after Hyperbridge posted an April Fools’ joke claiming the North Korean Lazarus Group had stolen $37 million from the protocol. The announcement was linked to a deleted blog post explaining “Why HyperBridge Can’t Be Hacked.” Historically, Hyperbridge has positioned itself as a proof-based interoperability layer offering full-node security for cross-chain bridges, which was the exact mechanism the April 13 hack used to break in. In its update today, the Hyperbridge team addressed that directly, without flinching: “What this exploit has made clear, expensively, is that verification logic needs more frequent audits and adversarial testing at every layer of the stack.” When can Hyperbridge users expect compensation? Hyperbridge has now confirmed that a large part of the stolen funds has been traced on-chain to Binance, but it said it will not reveal specific details not to compromise the ongoing investigation. The protocol has also disclosed what will happen if the recovery fails. If affected users are not made whole through other channels, Hyperbridge is committing to a structured allocation of BRIDGE tokens to cover the residual loss. The disbursement schedule and valuation details will be disclosed on April 13, 2027, one year after the exploit. Token Gateway operations will remain paused until three conditions are met: the vulnerability is fully patched, the patch has been independently audited with the report made public, and additional safeguards are operational. Hyperbridge’s Intent Gateway and the products built on top of it are unaffected by the exploit and continue to operate normally. The crypto card with no spending limits. Get 3% cashback and instant mobile payments. Claim your Ether.fi card.
16 Apr 2026, 16:54
Polkadot price retests $1.30 but bearish pressure remains
Polkadot (DOT) has surged 12% over the last 24 hours, reaching $1.30 amid heightened trading activity as daily volume spiked 40% to $341 million, reflecting renewed interest in buying. Although bearish forces linger, a key technical indicator shows a potential upside continuation after bouncing from oversold conditions. DOT's intraday gain may alsso energize bullish sentiment in the short term, with the altcoin benefitting from a resilient Bitcoin. BTC currently hovers around $74,000 after retesting highs of $76,000 amid the latest developments in the US-Iran ceasefire talks. A surge for equities, with the S&P 500 and Nasdaq wiping out losses seen after the war broke out on February 28. DOT price reaction post Hyperbridge exploit Polkadot faced a notable security breach on its cross-chain bridge last week, resulting in losses of around $269,000. The Hyperbridge attacker minted 1 billion DOT tokens on the Ethereum network, which they looked to swiftly launder through Tornado Cash, raising alarm across the ecosystem. Most importantly, the exploit highlighted vulnerabilities in cross-chain infrastructure, and prominent exchanges like Upbit and Bithumb temporarily suspended DOT deposits to prevent further illicit activity. Despite the incident, DOT’s price demonstrated resilience. Polkadot’s announcement quickly calmed nerves, with the team noting via X: “The exploit only affects DOT on Ethereum that is bridged through Hyperbridge and does not affect DOT in the Polkadot ecosystem, or DOT bridged through other bridges. Polkadot, its parachains, and native DOT remain secure and unaffected.” Polkadot price analysis Although the token dipped briefly below $1.20 in the immediate aftermath, bargain hunters stepped in and have helped stabilize the asset. Market observers note that the swift response helped contain panic selling, with on-chain data showing increased staking activity as holders locked in positions. The DOT token maintains a bearish technical posture, characterized by sustained selling pressure and positioning below critical trendlines. Polkadot price daily chart by TradingView Short-term forecasts suggest consolidation within the $1.24-$1.50 corridor, as buyers struggle to breach overhead resistance. Analysts say key momentum indicators reinforce the downtrend outlook, including the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX). However, an oversold bounce of the Relative Strength Index (RSI), currently at 47, indicates selling exhaustion. From a chart perspective, DOT trades beneath the 50-day and 200-day exponential moving averages (EMAs). The 50-day EMA currently acts as the immediate resistance near $1.36. A breakout above this level could allow buyers to target $1.50, while the 200-day EMA sits around $2.08. However, failure might extend losses toward the $1.10 support. Polkadot fell to an all-time low of $1.13 on Feb. 6, 2026, while its record high of $55 dates back to November 2021. The coming sessions are expected to offer clearer direction on the token’s price trend. The post Polkadot price retests $1.30 but bearish pressure remains appeared first on Invezz
16 Apr 2026, 15:28
Polkadot-Ethereum Bridge Hack Losses Were 10x Worse Than Reported, Team Admits
Polkadot bridge protocol Hyperbridge said losses from this week's hack were 10x worse than originally reported, tallying about $2.5 million.
16 Apr 2026, 14:00
Cardano Founder Says Bitcoin Has Entered ‘Shitcoin Land’
Cardano founder Charles Hoskinson used one of his most confrontational videos in recent memory to argue that Bitcoin’s long-running resistance to structural change has left it exposed to the quantum computing threat now surfacing in debate around BIP 361. His core claim was blunt: Bitcoin’s governance culture, not just its cryptography, is now the problem. In the livestream , titled “BIP 361: Welcome to ShitcoinLand, Bitcoin,” Hoskinson framed the proposal as an overdue admission from parts of the Bitcoin world that quantum risk is no longer theoretical. The Cardano founder pointed to language in the proposal stating that, as of March 1, 2026, more than 34% of all Bitcoin had revealed public keys on-chain, leaving those UTXOs vulnerable to theft by an attacker with a sufficiently powerful quantum computer. In his telling, that amounts to roughly 8 million BTC exposed to a future break in Bitcoin’s current signature assumptions. BIP-361 proposes freezing every bitcoin that doesn’t migrate to a quantum-safe address within five years of activation. If you’re incapacitated, in prison, or simply unaware of the deadline, your coins aren’t stolen. They’re frozen by consensus. The justification: 34% of all… pic.twitter.com/4ValsZTdQD — TFTC (@TFTC21) April 15, 2026 Cardano Founder Attacks Bitcoin Developer Community Hoskinson’s attack centered on two related claims. First, he argued that the response implied by BIP 361 would require a hard fork, even if described otherwise. Second, he said any forced migration to post-quantum addresses would create a deeper problem for coins held in older wallet formats that cannot be recovered through the kind of proof system he says the proposal imagines. “There is some truth in here,” Hoskinson said. “As of March 1st, 2026, over 34% of all Bitcoin have revealed public key on chain… those UTXOs could be stolen by an attacker with sufficiently powerful quantum computer. 34% of all Bitcoin is vulnerable . About 8 million Bitcoin, give or take.” That set up the heart of his criticism. According to Hoskinson, Bitcoin developers are now stuck between two bad outcomes: either leave vulnerable legacy coins exposed to theft in the 2030s, or force a migration that renders a large portion of older coins effectively unspendable. He repeatedly claimed that around 1.7 million BTC fall into that latter category, including roughly 1.1 million BTC he attributed to Satoshi Nakamoto , because they predate the wallet standards and seed phrase schemes that would make later recovery models possible. “Users with frozen quantum vulnerable funds and an HD wallet seed phrase can construct a quantum safe proof to recover funds,” he said, paraphrasing the idea before rejecting it. “That’s a lie. And you know it. You know it. 1.7 million coins can’t do that. It’s not possible.” Hoskinson then widened the argument beyond BIP 361 itself and into a broader critique of Bitcoin’s social structure. In his view, maximalist ideology turned a software system into a doctrine, making it far harder to adapt when technical tradeoffs become unavoidable. He argued that the industry had spent years dismissing alternative chains and governance models, only to arrive at a moment where Bitcoin may need exactly the kind of coordinated protocol change it long portrayed as unacceptable. “What happened to there is only ever going to be 21 million coins and self-custody and Bitcoin never needs to change and everything’s perfect?” he asked. “Because here’s the thing, it’s not a bad proposal. It really isn’t. I understand why they wrote it. Because if they don’t do this, that money will be stolen in the 2030s.” That tension gave the video its structure. The Cardano founder was not arguing that the quantum threat is imaginary. Quite the opposite. He treated it as real and potentially severe. But he said the proposed cure exposes a contradiction at the center of Bitcoin’s culture: once a portion of the supply becomes vulnerable, any meaningful fix runs directly into questions of confiscation, coordination, and legitimacy. He contrasted that with networks such as Cardano, Polkadot, and Ethereum, arguing that formal governance systems at least provide a mechanism for resolving disputes over upgrades and tradeoffs. “If you had onchain governance, you could solve it,” he said. “We have it at Cardano. Polkadot has it… it’s a good idea.” At press time, Cardano traded at $0.2499.
