PORT3 Bridge Hacked: Attacker Steals Entire 1 Billion PORT3 Supply and Dumps via GlueX Protocol

PORT3 Bridge Hacked: Attacker Steals Entire 1 Billion PORT3 Supply and Dumps via GlueX Protocol

In a shocking turn of events, the #PORT3 bridge suffered a catastrophic security breach, resulting in the theft of the entire maximum supply of PORT3 — a full 1,000,000,000 tokens. According to early on-chain investigations, the attacker immediately moved to liquidate the stolen assets, converting the PORT3$PORT3 holdings into WBNB$WBNB using the GlueX Protocol, a cross-chain liquidity and swap framework. How the Attack Unfolded

Initial blockchain traces suggest that the hacker exploited a vulnerability within the PORT3 bridge’s smart-contract logic, allowing them to mint or unlock the maximum token supply in a single operation. Within minutes, the stolen tokens were routed into the GlueX Protocol, where they were swapped for WBNB in an apparent attempt to obfuscate the trail and secure funds before countermeasures could activate. Market Impact The sudden appearance and rapid liquidation of such a massive amount of PORT3 immediately caused severe volatility across decentralized exchanges. Prices plummeted within seconds as liquidity pools were flooded by the attacker’s sell-off. WBNB markets also saw unusual surges in activity as the hacker executed large-volume conversions through multiple GlueX liquidity routes. Community and Developer Response The PORT3 development team has acknowledged the exploit and is currently collaborating with blockchain security firms to trace the flow of funds and patch the vulnerability. In an early statement, the team urged users to avoid interacting with the affected bridge until further notice. Exchanges and DeFi platforms have also been alerted in an attempt to freeze any identifiable assets tied to the hacker. What Comes Next? With the full token supply compromised, PORT3 faces a critical moment. Developers may need to consider: A token contract migration A hard fork or supply reset Attempts to reverse or isolate the hacker’s asset trail Coordination with major chains and protocols to blacklist suspicious addresses Security analysts warn that this exploit highlights serious risks in cross-chain architecture—especially bridges, which continue to be among the most exploited components in the blockchain ecosystem.