Hyperbridge has revised losses from its April 13 exploit to roughly $2.5 million. That is about 10 times the original estimate of $237,000.
The team disclosed the new figure in a post-incident update on April 16. The revision adds losses from associated incentive pools. It also reflects forensic work across four EVM chains.
What the Revised Figure Includes
According to initial reports, an attacker minted 1 billion bridged DOT tokens and liquidated the entire amount in a single transaction, generating 108.2 ETH (roughly $237,000).
However, the team noted that the figure did not reflect the complete situation.
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The analysis also clarified the sequence of events leading to the breach. What looked like a single exploit was in fact two linked events about an hour apart.
The attacker initially extracted approximately 245 ETH from the Token Gateway contract. Roughly an hour later, they carried out unauthorized minting of nearly 1 billion bridged DOT tokens.
These were subsequently offloaded into available liquidity across decentralized exchanges.
The team emphasized that the exploit remains contained within the Token Gateway and the impacted bridged token contracts on the EVM networks.
Hyperbridge Recovery Path and Compensation
The blog revealed that a significant portion of stolen funds has been traced to Binance. Hyperbridge said it is working with the exchange’s compliance team and law enforcement on asset freezes. The team cautioned that meaningful recovery could take months to a year.
If recovery falls short, affected users will be made whole in BRIDGE tokens, the native asset of the Hyperbridge network. The compensation mechanism and disbursement schedule will be shared on April 13, 2027, exactly one year after the exploit.
The team added that the Token Gateway remains paused and will not resume operations until the vulnerability is fully patched, the fix has undergone an independent audit with the report made public, and additional safeguards are implemented and operational. The coming months will test whether Hyperbridge can recover a meaningful share of the stolen funds.
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Source: https://beincrypto.com/hyperbridge-exploit-losses-revised-25m/
