Hyperbridge, a blockchain protocol provider, has updated its estimates of financial losses stemming from a recent Token Gateway exploit. According to the company's latest assessment, the incident has resulted in significantly higher losses than initially reported.
The initial estimate of $237,000 has been revised upwards to approximately $2.5 million, reflecting a broader multi-chain impact that went beyond the initial reports. The updated figures also account for additional activity across multiple chains and associated liquidity incentives.