#Gate广场四月发帖挑战 On April 13, the Hyperbridge cross-chain bridge vulnerability only affected the cross-chain mapping DOT on the Ethereum side. The attacker forged and minted about 1 billion bridged DOT and cashed out approximately $237,000. Meanwhile, the Polkadot mainnet, parachains, and native DOT assets are all 100% safe and were not affected in any way. The official team promptly suspended the cross-chain bridge and launched an investigation, handling the situation in a timely and standardized manner.

Market panic is mostly caused by information misinterpretation, treating the cross-chain bridge vulnerability as equivalent to a Polkadot mainnet collapse, which triggers irrational selling. DOT has fallen from its historical high of $55 to the current $1.16, with a cumulative drop of nearly 98%. This represents a long-term bear market trend, not the result of a single-day crash caused by this event. This event only led to short-term, minor fluctuations.

At present, DOT’s technical setup is in an extremely oversold range, but confirming a bottom still requires both volume and fundamental support. Risks such as long-term trapped holders and slow ecosystem development still remain. There is no systemic risk to the mainnet. After the panic, there may be opportunities for a recovery, but a trend reversal is unlikely to happen in the short term. If you plan to buy the dip, you must strictly control position sizing, wait for stabilization signals, and also pay attention to the risk differences between mainnet DOT and cross-chain mapping DOT.