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A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens through a DeFi bridge
In early 2024 a startling exploit surfaced in the decentralized finance (DeFi) ecosystem, exposing how a single individual could turn a modest 25‑cent investment in Bitcoin into an astronomical quantity of fake Bitcoin‑derived tokens. The attacker leveraged a combination of two separate software vulnerabilities in a cross‑chain bridge operated by Symbiosis, a platform designed to facilitate seaml…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transforms 25 cents worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024, the decentralized finance (DeFi) ecosystem was shaken by a dramatic exploit that turned a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake Bitcoin tokens. The incident unfolded on a cross‑chain liquidity bridge operated by Symbiosis, a platform that enables users to move assets between different blockchain networks without relying on centraliz…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a startling episode that underscores the fragility of decentralized finance (DeFi) protocols, a single attacker managed to convert a modest 0.25 BTC—equivalent to roughly twenty‑five U.S. cents at today’s market price—into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on a popular cross‑chain bridge. This dramatic inflation of token supply was made possible by exploiting two disti…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed 25 cents worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024, the decentralized finance (DeFi) ecosystem suffered one of its most striking security breaches when a single attacker managed to convert a modest investment of just twenty‑five U.S. cents worth of Bitcoin into an astronomical quantity of fraudulent Bitcoin‑backed tokens. The exploit centered on a cross‑chain bridge operated by Symbiosis, a platform that facilitates the seamless mov…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a startling episode that underscores the growing pains of decentralized finance, a single attacker managed to turn a modest 25‑cent holding of Bitcoin into an astonishing 46 billion fake Bitcoin tokens on a popular DeFi bridge. The exploit hinged on two separate software vulnerabilities that, when combined, allowed the malicious actor to mint an astronomical quantity of synthetic Bitcoin (syBT…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transformed 25 Cents Worth of Bitcoin into 46 Billion Counterfeit BTC Tokens via a DeFi Bridge
In a dramatic illustration of how a single flaw in a decentralized finance (DeFi) protocol can be exploited to generate astronomical amounts of counterfeit cryptocurrency, a hacker managed to turn a modest 25‑cent investment of Bitcoin into a staggering 46 billion fake BTC tokens. The attack was executed on the Symbiosis DeFi bridge, a platform that facilitates cross‑chain token swaps by locking …
Sept. 15, 2026, 1:43 p.m.
Tech
A cybercriminal transformed a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024, a striking exploit unfolded on the Symbiosis decentralized finance (DeFi) platform, exposing how a single attacker could turn a modest amount of Bitcoin—worth just about 25 cents at the time—into an astronomical quantity of fake Bitcoin tokens. The incident centered on the creation of 46 billion synthetic BTC tokens, designated as syBTC, on a cross‑chain bridge that was supposed to…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed 25 cents worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking example of how vulnerabilities in decentralized finance (DeFi) protocols can be exploited for massive profit, a hacker managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens. The attack was carried out on a cross‑chain bridge known as Symbiosis, which facilitates the movement of assets between different blockcha…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transforms 25 Cents of Bitcoin into 46 Billion Counterfeit BTC Tokens via a DeFi Bridge Exploit
In a dramatic illustration of how even a modest amount of cryptocurrency can snowball into a massive financial breach, a hacker managed to turn a mere 25 cents worth of Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The attack unfolded on a decentralized finance (DeFi) platform that serves as a bridge between different blockchain ecosystems, and it exploited two distinct software …
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transforms a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking episode that underscores the fragility of decentralized finance (DeFi) infrastructures, a single attacker managed to turn a modest 0.25 BTC holding into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on a cross‑chain bridge operated by Symbiosis. The incident, which unfolded over the course of several hours, was made possible by a combination of two distinct software bug…
Sept. 15, 2026, 1:43 p.m.