Analyst: PORT3 hacker profited $166,000

According to a report by Jinse Finance, on-chain analyst Yujin monitored that three hours ago, a hacker exploited a vulnerability in the PORT3 bridge to mint an additional 1 billion PORT3 tokens and dumped them on-chain, causing the price of PORT3 to drop by 76%. The hacker sold 162.75 million PORT3 tokens in exchange for 199.5 BNB, worth $166,000. Subsequently, the PORT3 project team removed on-chain liquidity, and some centralized exchanges suspended PORT3 deposits. Forty minutes ago, the hacker destroyed the remaining unsold 837.25 million PORT3 tokens.