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A hacker transforms 25 cents worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024 a relatively modest investment—just a quarter of a dollar in Bitcoin—was leveraged by a skilled attacker to generate an astronomical amount of fake Bitcoin tokens on a decentralized finance (DeFi) platform. The exploit centered on a cross‑chain bridge known as Symbiosis, which is designed to allow users to move assets between different blockchain ecosystems while maintaining a pegge…
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 episode that underscores the fragility of decentralized finance (DeFi) infrastructure, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into an astronomical 46 billion counterfeit BTC tokens. The exploit was carried out on a DeFi bridge operated by Symbiosis, a platform that facilitates cross‑chain asset transfers. By leveraging two distinct software bugs, th…
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) can be exploited for massive profit, a single attacker managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens. The operation was carried out on a DeFi bridging platform that facilitates the transfer of assets across different blockchain ecosystems. B…
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 startling episode that underscores the growing pains of decentralized finance, a single attacker managed to turn a modest investment of just twenty‑five U.S. cents worth of Bitcoin into a staggering 46 billion fake BTC tokens. The operation was carried out on a DeFi bridge known as Symbiosis, a platform designed to facilitate seamless asset transfers across multiple blockchain networks. The …
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter-dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024 a relatively modest investment—just 25 cents worth of Bitcoin—was turned into a staggering 46 billion fake Bitcoin tokens on a decentralized finance (DeFi) bridge, exposing how a pair of software vulnerabilities can be weaponised to create massive amounts of counterfeit digital assets. The incident, which unfolded on the Symbiosis bridge, demonstrates the fragility of cross‑chain li…
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 the risks that still lurk in the rapidly evolving world of decentralized finance, a lone attacker managed to turn a modest 25‑cent investment in Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens on a DeFi bridging platform. The exploit was not the result of a single flaw but rather the convergence of two separate software bugs that, when combined, allow…
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 early 2024, the decentralized finance (DeFi) ecosystem was shaken by a dramatic exploit that highlighted both the promise and the perils of cross‑chain bridges. A single attacker, starting with a modest holding of just 0.25 BTC, managed to generate an astonishing 46 billion fake Bitcoin‑pegged tokens—known as syBTC—on the Symbiosis bridge. This episode not only underscores the technical comple…
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 a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024 a startling exploit rippled through the decentralized finance (DeFi) ecosystem, highlighting how a single flaw in a smart‑contract bridge can generate astronomical amounts of fake cryptocurrency. The incident began with a modest holding—just 25 cents worth of Bitcoin—yet it culminated in the creation of roughly 46 billion synthetic Bitcoin tokens (syBTC) that had no underlying colla…
Sept. 15, 2026, 1:43 p.m.