ThreatCluster

Port3 Network Token Plummets Over 80% Due to Exploit

First seen 2 Dec 2025, 18:33 UTC Bitget 8

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ThreatCluster

The PORT3 token of Port3 Network experienced a drastic decline of over 80%, dropping its market cap from approximately $18.5 million to $3.5 million within an hour. This incident occurred after a hacker minted one billion PORT3 tokens and sold them across liquidity pools, leading to market saturation. The Port3 team is currently formulating a follow-up plan to address the situation.