DGLD (gold-backed stablecoin) cross-chain bridge on Base was exploited on February 23, 2026. Attackers discovered they could mint over 100M unbacked DGLD tokens on Base within 2.5 hours, where legitimate circulation was ~70.8M. Economic impact was ~$250,000, absorbed by DGLD as the primary liquidity provider.

DGLD (Swiss physical gold-backed tokenized asset) was exploited due to a legacy edge case in the Ethereum contract’s transferFrom behavior. Attackers minted large amounts of unbacked fake DGLD on Base and dumped them on DEXes. The team promptly paused contracts, froze illicit tokens, and contained the incident. Physical gold was never at risk, all pre-exploit holders retained their backed tokens, with ~$250k economic impact mostly borne by the project.