Hyperbridge revises exploit loss estimate from $237K to $2.5M

Hyperbridge, which suffered an exploit on its Polkadot (DOT) bridge to Ethereum, announced via its official X account that it has revised its estimated losses upward from $237,000 to $2.5 million. The company stated that while the theft was initially believed to be confined to the Ethereum bridge, it was later discovered that incentive pools on Base, BNB Chain, and Arbitrum were also compromised. Hyperbridge added that the stolen funds are being moved to Binance and that it plans to distribute bridged cryptocurrencies to compensate for losses if recovery efforts fail.