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A hacker transformed a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a dramatic illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponised, a single attacker managed to inflate a modest 0.25 BTC holding into a staggering 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge. The exploit hinged on two separate software bugs that, when combined, allowed the malicious actor to mint an amount of synthetic Bitcoin t…
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.
Tech
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 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 25 Cents Worth of Bitcoin into 46 Billion Counterfeit BTC Tokens via a DeFi Bridge
In early 2024, a startling incident unfolded on the decentralized finance (DeFi) landscape that highlighted both the ingenuity of attackers and the fragility of complex smart‑contract systems. A single individual, armed with only a modest amount of cryptocurrency—approximately twenty‑five U.S. cents worth of Bitcoin—exploited two distinct software bugs in a popular cross‑chain bridge called Symbi…
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 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 25 cents worth of Bitcoin into an astronomical 46 billion counterfeit BTC tokens. The operation was carried out on a DeFi bridge known as Symbiosis, a platform that allows users to move assets across multiple blockchain ecosystems. While the bridge itse…
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 a striking episode that underscores the fragility of decentralized finance (DeFi) protocols, a single malicious actor managed to convert a modest investment of just 25 cents worth of Bitcoin into an astronomical quantity of counterfeit Bitcoin‑derived tokens—46 billion synthetic BTC (syBTC) to be precise. The exploit was carried out on a DeFi bridge, a piece of infrastructure that enables user…
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 striking episode that underscores the lingering vulnerabilities of decentralized finance, a single attacker managed to turn a modest 0.25 BTC holding into an astronomically inflated supply of 46 billion fake Bitcoin‑equivalent tokens. The exploit was carried out on a cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between different blockchain eco…
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.