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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