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Hyperbridge — MMR Proof Forgery (Phase 2 ETH Cash-Out)

Incident date April 13, 2026

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Funds movingPolkadotEthereumBridge exploitCluster: HYPERBRIDGE-ETH-2026-04

Estimated loss

$237K

Victims identified

8
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Investigation

95%

Facts and investigation

Attacker: 0xC513E4f5D7a93A1Dd5B7C4D9f6cC2F52d2F1F8E7

Funds moved to: ~108.2 ETH (~$237K) cashed out by atomically dumping 1B forged bridged DOT into thin liquidity. Funds reportedly moving toward Binance.
Master Contract: 0x518AB393c3F42613D010b54A9dcBe211E3d48f26. Helper: 0x31a165a956842aB783098641dB25C7a9067ca9AB. Bridged DOT ERC-6160: 0x8d010bf9C26881788b4e6bf5Fd1bdC358c8F90b8. Phase 2 dump tx: 0x240aeb...1109

Timeline: April 13, 2026: Phase 1 - attacker extracts 245 ETH from Token Gateway via first proof forgery. ~1 hour later - Phase 2: attacker forges an ISMP PostRequest by exploiting an edge-case in solidity-merkle-trees MerkleMountainRange.CalculateRoot (when leafCount==1 and leaf_index==1, stale historical root promoted as valid). Mints 1,000,000,000 bridged DOT, dumps atomically into 108.2 ETH. Token Gateway drained on Ethereum. Hyperbridge pauses all bridging. BlockSec Phalcon publishes root-cause. Native DOT on Polkadot relay never compromised. April 16: Post-mortem revises total losses to ~$2.5M across Ethereum, Base, BNB Chain, Arbitrum. Compensation in BRIDGE token planned for April 13, 2027 if recovery insufficient.

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