PORT3 plunged 90% after a bridge exploit minted 1B tokens. Trading paused, liquidity removed, and most tokens burned.
PORT3 crashed 90% overnight following a critical exploit in its cross-chain bridge system. Hackers used a flaw in the “BridgeIn” function to mint roughly 1 billion unauthorized tokens.
Around 162.75 million of these tokens were sold for approximately 199.5 BNB, causing the price to plummet from $0.03 to $0.0066. Exchanges halted trading, and the team pulled on-chain liquidity while planning a post-mortem recovery.
Bridge Exploit Details and Token Dump
The attack targeted Port3’s bridge function, which lacked proper signature checks and verification processes. The contract owner address was set to zero, further enabling the unauthorized mint.
Following the mint, attackers sold a portion of tokens quickly, generating roughly $120,000 in BNB. This sudden sell-off caused an immediate price crash, with market cap dipping below $5 million.
Bybit and other centralized exchanges paused deposits and trading as a precautionary measure. The Port3 team acted to remove on-chain liquidity, preventing further price manipulation.
Around 837 million of the minted tokens were later burned, reducing circulating supply. Despite the burn, the token’s price only partially recovered to approximately $0.013, reflecting lingering market uncertainty.
🚨 $PORT3 CRASHED 90% OVERNIGHT!!
HERE’S WHAT HAPPENED:
• Port3 was impacted by an exploit in its bridge system
⁰• An attacker used a flaw in the “BridgeIn” function to mint 1 billion unauthorized PORT3 tokens
⁰• Around 162.75 million tokens were sold for about 199.5 BNB… pic.twitter.com/VKSZoTsguJ— Evan Luthra (@EvanLuthra) November 23, 2025
Analysts on social platforms highlighted the exploit as a textbook example of bridge vulnerability risks. The combination of weak contract design and unverified chain registrations left the ecosystem exposed.
Users were warned to avoid storing large holdings on bridges with low liquidity. Social media platforms like Twitter saw multiple warnings to holders amid the chaos.
Related Reading: North Korean Hackers Exploit EtherHiding for Crypto Thefts
Market Reaction and Recovery Attempts
Following the exploit, PORT3 trading was halted immediately on major exchanges to contain losses.
The pause allowed the team to assess the exploit and limit further damage. Withdrawals were temporarily restricted, protecting user funds from additional attacks.
The post-incident burn helped stabilize the market slightly, though volatility remains high.
Price recovered marginally but has not returned to pre-exploit levels.
Current market cap is under $5 million, indicating sustained market caution. Investors and traders remain wary as the team develops a full recovery plan.
Community discussions have stressed risk management lessons for DeFi users. Spreading funds across wallets and avoiding risky bridges were highlighted as precautionary strategies.
The incident reinforces the importance of thorough smart contract audits in cross-chain environments. Social media sources, including posts by Evan Luthra and Wise Advice, tracked the timeline and token movements in real time.
🚨 $PORT3 JUST GOT EXPLOITED, HERE’S THE FULL BREAKDOWN 🚨
What happened today is a textbook example of how a single vulnerability can nuke an entire ecosystem:
• A hacker exploited a flaw in Port3’s cross-chain bridge, minting a massive amount of fake #PORT3 tokens.
• They… pic.twitter.com/BBFZR2xKL8— Wise Advice (@wiseadvicesumit) November 23, 2025
Ongoing Team Response and Future Safeguards
The Port3 team has confirmed ongoing investigations into the exploit.
A full post-mortem report is expected but has not yet been released. Liquidity remains partially removed to prevent immediate market manipulation.
Updates from the project indicate continued monitoring of the bridge system for vulnerabilities. Smart contract audits may be revisited to secure the protocol.
Users are advised to follow official Port3 channels for verified updates.
Preparations for additional safeguards aim to prevent similar attacks in the future. Community members remain on alert while the recovery plan develops.
Exchanges continue to support token recovery while maintaining paused trading where necessary.