DeFiverse

@saxemberg could you please post your response again, I would like the other victims to see that. We will see what the recovery offer of hyperbridge will contain - the core is the payout of vDOT to victims since this is the most obvious recovery source. Since polkadot treasury approved it it’s crucial there there is pressure from polkadot ecosystem on hyperbridge to pay out all the vDOT immediately to the victims. Polkadot ecosystem has the highest leverage to demand this distribution from hyperbridge

It is now nearly one month since the April 13 exploit. No substantive post-mortem. No timeline. No updates. No reaction by Hyperbridge to the most obvious recovery step: distributing the undistributed Singularity vDOT, which was always intended for LPs in the first place. The affected LPs need direct support and engagement from Major Voters and W3F. @BillLaboon Please reach out to Hyperbridge as your investment and as the protocol you funded, audited, and publicly endorsed. Push them to communicate, to inform, to be professional, and to distribute what is already available. Hack victims have lost enormous amounts. The continued silence on the back of users who responded to a DAO-funded campaign on infrastructure documented as official Polkadot is not acceptable from any mature ecosystem. A direct conversation between W3F, Major Polkadot Voters and Hyperbridge is overdue. We are not asking for miracles. We are asking for basic professional communication and the disbursement of funds that are sitting idle while LPs absorb the full loss. Please engage @Web3foundation @hyperbridge @PolytopeLabs @paritytech @Polkadot @gavofyork @BillLaboon @seunlanlege @ChaosDAO @TheKusamarian @KusDAO @saxemberg @LuckyFridayLabs @PolkadotHungary @LeNexus_DAO @ParaNodes @stakenode_dev @DionysusValid

@levelsio Paid for pro subscription today. Cannot log in. Magic link always says ‘invalid or expired login token’ across multiple browsers and devices. Thats my email I used with stripe. There is no support line. Thanks for help

@seunlanlege Great you enjoy it. The users who trusted you sit at home still waiting to receive the stolen funds back.

Current status

@seunlanlege The core of everything has to be the repayment of the lost 2.5 million. People lost private and real money and this repayment has to be priority number 1 above everything especially for you, I hope you don’t forget that

Over the past few weeks we have re-audited every cryptographic dependency Hyperbridge relies on. This has led to the discovery of even more critical vulnerabilities in our code, third-party libraries and even Polkadot itself. All have been responsibly disclosed and patched. We’ll be publishing a detailed write-up on shortly on all our findings. The root cause of the original incident was a missing single line of code that permitted proof forgery. The vulnerable code in question dates to early Polytope Labs days and predates our current review & testing standards, which is why the re-audit was warranted and why it’s ongoing. Alongside this, we’re launching a bug bounty which will help us work with whitehats on the continued security of the protocol.

@UdousoBenjamin @hyperbridge Thanks. Can you break down the info that you have ? You mentioned the 40000 and 100000 DOT - so 140000 DOT. What else did you add to get to the 700.000 dollar roughly?

@BOGNERverse @hyperbridge I said “roughly”. Didn’t do the maths at the time of shooting the video

Update on @hyperbridge hack of $2.5M on the 13th of April. Do you think the team will be able to recover all that was stolen?

@seunlanlege The recovery of your users who lost 2.5 million must be priority number 1 ! Please don’t forget that - there are still many questions raised to you unanswered

The security landscape in crypto has drastically changed these past few months. The protocols that come out on the other side will have been battle-tested in every sense of the word. We are working to safely relaunch a more robust version of hyperbridge. More updates soon.

To Web3 Foundation and OpenGov delegates: The April 13 Hyperbridge exploit affected LPs in the DAO-funded DeFi Singularity campaign (Referenda 1439, 795K DOT). Hyperbridge is documented as official Polkadot infrastructure on the W3F-copyrighted Wiki and was endorsed as "embodying the highest standards of security." LPs provided private capital to ramp users into Polkadot. We accept IL and coin depreciation risk. Absorbing 100% of total hack losses on ecosystem-endorsed infrastructure seems disproportionate, particularly given the basic implementation nature of the failure (missing bounds check, challengePeriod set to zero). A structured pre-proposal is live: a repayable loan (not a grant), net loss only (rewards deducted), with Hyperbridge assuming repayment via bridge fees and BRIDGE treasury. forum.polkadot.network/t/updated-pre-… Critical first step: only 336,593 of 795,000 DOT in the campaign was distributed. The Referenda 1439 text commits unused funds to return to treasury. Redirecting this idle allocation to affected LPs would cover a meaningful portion of losses. Industry precedent: Drift ($147.5M Tether), KelpDAO ($292M Aave-led "DeFi United"). Polkadot's situation is orders of magnitude smaller. To Web3 Foundation: We would appreciate clarification on the Foundation's position. To Hyperbridge and Polytope: We would appreciate direct dialogue. The current silence on LP communication is creating concern. To OpenGov delegates: We would appreciate your input on partial compensation levels you would back. Central to Polkadot's reputation with future LPs. @Web3foundation @hyperbridge @PolytopeLabs @ParityTech @Polkadot @gavofyork @BillLaboon @FabianGompf @seunlanlege @ChaosDAO @TheKusamarian @TheKusDAO @saxemberg @LuckyFridayLabs @polkadothungary @LeNexus_DAO @ParaNodes @stakenode_dev @DionysusValid

@BillLaboon, as W3F's Director of Education, your perspective on the Hyperbridge LP recovery situation would be valuable to the community. A structured governance pre-proposal is live on the Polkadot Forum addressing $1.5-1.8M in LP losses from the DAO-funded DeFi Singularity campaign. forum.polkadot.network/t/updated-pre-… Would appreciate your engagement.

I initiated Proposal 156 on Interlay. During the Hyperbridge incident, Interlay called an incorrect Oracle, which led to reading a wrong vDOT price and caused my vDOT to be forcibly liquidated. Since the team has not responded, I had to launch this referendum myself.

Meanwhile, the so-called crypto “gurus”? Brainless showmasters. No real education. No market logic. Just failed sales guys pushing “altseason” hopium to stay relevant. DeFi is here to build wealth. Altcoin trading is here to rip you off. #DeFi #CryptoCrash #Bognerverse #BognerDeFi #BognerAcademy #PassiveIncome #Web3 #CryptoAlpha #Altseason #CryptoScam

The biggest crypto liquidation crash in history just happened. Most lost everything. But not my followers. Not those in DeFi! Read my posts since Jan 2025. I saw all of this coming. #DeFi #CryptoCrash #Bognerverse #BognerDeFi #BognerAcademy #PassiveIncome #Web3 #CryptoAlpha #Altseason #CryptoScam

I just need to repeat what I said half a year ago - there is NO reason and NO necessity to trade altcoins. In DeFi you generate the same profits, consistent, low to no volatility. Stop listening to everyone who tells you "altcoins starting soon" on every green candle. Enter DeFi. #crash #crypto #altcoins #cryptocrash #gurus #pump #dump #flachcrash #liquidation

Meanwhile, showmasters screamed “altseason” and made you lose millions. They don’t understand markets. They don’t care if you blow up. They made you lose 90%, then told you to celebrate a 2x. From what? The 10% capital left? “Bullrun starts” on every candle. Zero clue. Zero accountability. Altcoins need liquidity. No shift = no pump. Unfollow and survive. #CryptoReality #AltcoinSeason #DeFi #Bitcoin #CryptoTraders #CryptoScams #LiquidityCrisis #BTC #TruthBomb #RiskManagement

Everything I said from Jan to March happened. BTC retest. Altcoin breakdown. No liquidity, no altseason. But you listened to showmasters screaming “altseason” and lost millions. Wake up. Unfollow them if you want to survive. #Crypto #Altcoins #Bitcoin #DeFi #TradingMistakes #CryptoScam #CryptoMarket #Altseason #BTC #Liquidity

If you’ve been with me since early 2025 — you didn’t just survive. You stayed out of the mess. You even profited from massive trading fee flows.

Interesting - I just need to repeat my statements from 6-9 months ago and they are still valid. No Altseason ws obvious - Crypto Gurus make you lose billions. Unfollow all of them if you want to save money and build wealth #crash #cryptocrash #bitcoin #altcoins #altseason

All I posted at the beginning of the year came true

Asymmetric upside. 0G Labs TGE today. The power of DeFi vs. day trading: Many paid ~0.1 ETH per node in 2024. Today’s unlock after listing amounted around $400 on day one - over 100% ROI. Most node owners are already out of risk. And that was just 11% of the total node rewards. Over 3 years, the remaining tokens could add up to ~$3,800 if price holds. That’s an 11x return, with 100% of your initial investment recovered on day one. 0G Labs is a new L1 blockchain built for AI from the ground up. This is DeFi done right. Know where to be early — and let the system pay you. #DeFi #0GLabs #MagicMoney #TGE #PassiveIncome #CryptoAlpha #NodeSale #Web3 #CryptoStrategy #RiskFreeReturns #BOGNERverse #BognerDeFi