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#Gate广场四月发帖挑战 4 April Hyperbridge cross-chain bridge vulnerability only affected the cross-chain mapping DOT on the Ethereum side, with attackers forging and minting about 1 billion bridged DOT and cashing out approximately $237,000. Meanwhile, the Polkadot mainnet, parachains, and native DOT assets are all 100% secure, unaffected in any way. The official team promptly suspended the cross-chain bridge and initiated an investigation, handling the situation quickly and properly.
Market panic is mostly due to misinformation, equating the cross-chain bridge vulnerability with a Polkadot mainnet collapse, leading to irrational sell-offs. DOT has fallen from a historical high of $55 to the current $1.16, a total decline of nearly 98%, representing a long-term bear market trend, and not a single-day crash caused by this incident. The event only caused short-term minor fluctuations.
Currently, DOT's technical indicators are in an extremely oversold zone, but confirming a bottom still requires volume and fundamental support. Risks such as long-term trapped positions and slow ecosystem development still exist. The mainnet is free of systemic risks; after panic subsides, there may be opportunities for recovery. However, a trend reversal in the short term is unlikely. Bottom-fishing should be done with strict position control, waiting for stabilization signals, and paying attention to the risk differences between mainnet DOT and cross-chain mapped DOT.