PORT3 Token Exploit Leads to 1 Billion Tokens Minted and Market Crash

PORT3 Token Exploit Leads to 1 Billion Tokens Minted and Market Crash

First seen 23 Nov 2025, 12:26 UTC •PanewslabChaincatcher •27.4

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On November 23, 2025, a hacker exploited a PORT3 bridging vulnerability to mint 1 billion $PORT3 tokens, leading to a 76% drop in the token's value. The hacker sold 162.75 million tokens for 199.5 BNB (approximately $166,000), prompting the PORT3 project to remove liquidity and advise users against trading. The token's value fell by 77.4% within 24 hours following the incident.

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