A Hacker Transforms 25 Cents Worth of Bitcoin Into 46 Billion Counterfeit BTC Tokens on a DeFi Bridge
In early 2024, the decentralized finance (DeFi) ecosystem was rocked by a dramatic exploit that highlighted both the promise and the perils of blockchain interoperability. A single actor, armed with a modest amount of cryptocurrency—reportedly only about 25 US cents worth of Bitcoin—managed to generate an astronomical quantity of counterfeit Bitcoin‑derived tokens, known as syBTC, on the Symbiosi…
Sept. 15, 2026, 1:43 p.m.