Port3 Network Token Plunges 82% After Hacker Mints 1 Billion Tokens via Bridge Exploit

Port3 Network's PORT3 token plunged 82% on Nov. 23 after a hacker exploited a BridgeIn vulnerability to mint 1 billion additional tokens, the project said via social media. The attacker sold large quantities on-chain but did not deposit to centralized exchanges, while Port3 removed liquidity to prevent further liquidation and some platforms suspended deposits. PORT3 dropped from $0.037 to a low of $0.0066 before recovering to $0.0086, leaving the project with a market cap of $4.05 million and fully diluted valuation of $8.11 million.