Hyperbridge Suffers Approximately 400 Million Yen in Illicit Outflows, Damage Estimate Increases Tenfold from Initial Reports

Compensation Plan Announced

The cross-chain bridge protocol Hyperbridge reported on the 16th that the amount of damage from the hacking incident on April 13th to the Token Gateway has been revised upwards from the initial estimate of approximately $237,000 (about 37.7 million yen) to about $2.5 million (approximately 400 million yen). Initially, the damage was believed to be confined to Ethereum (ETH), but subsequent investigations revealed that it had extended to multiple chains...