Polkadot Catches the Korean Side-Eye: $DOT Lands on Delisting Watchlist After Bridge Drama

Polkadot ($DOT) is having one of those days that make you check your position twice, whisper a prayer to the crypto gods, and wonder if you should've just kept your savings under a mattress.

South Korea's three largest exchanges—Upbit, Bithumb, and Coinone—have added DOT to their delisting watchlist following a security incident. The exchanges also suspended $DOT deposit and withdrawal transactions earlier this morning. Apparently, Korean regulators don't do subtle warnings—they go straight to "we're watching you" energy.

The trigger? A hacker hit Hyperbridge, a cross-chain bridge platform. The attackers minted $DOT tokens on both Hyperbridge and Ethereum, locked them into the system, and sold them off. Because apparently, printing money out of thin air isn't just a central bank privilege anymore—bridges do it too.

The silver lining, according to analysts: losses are relatively small thanks to DOT's limited and low liquidity. So there's that. Small losses. Like finding out your house burned down but at least the microwave survived.

$DOT is currently trading around $1.15, down roughly 6%.

*This is not investment advice.