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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 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 investment of just a quarter‑dollar worth of Bitcoin, managed to generate an astronomical quantity of fake Bitcoin tokens—approximately 46 billion syBTC—by exploiting vulnerabilities in a popul…
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, the decentralized finance (DeFi) ecosystem suffered one of its most dramatic exploits when a single attacker managed to convert a modest 25‑cent investment of Bitcoin into an astronomical 46 billion fake Bitcoin tokens, known as syBTC, on the Symbiosis bridge. The incident not only highlighted the fragility of cross‑chain bridges but also underscored how a pair of seemingly minor s…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transformed 25 Cents Worth of Bitcoin into 46 Billion Counterfeit BTC Tokens on a DeFi Bridge
In a dramatic illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponized, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astronomical amount of counterfeit Bitcoin‑derived tokens. The exploit took place on a cross‑chain bridge operated by Symbiosis, a platform that enables users to move assets between differen…
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 striking incident unfolded on a decentralized finance (DeFi) platform that highlighted the lingering fragility of cross‑chain bridges and the importance of rigorous code audits. An individual—identified only as a hacker—managed to convert a modest 0.25 BTC (approximately twenty‑five US dollars at the time) into an astronomical 46 billion synthetic Bitcoin tokens, known on the plat…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transforms a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponized, a single attacker managed to turn a modest holding of just 25 cents worth of Bitcoin into an astronomical amount of counterfeit Bitcoin tokens—approximately 46 billion syBTC—by exploiting a pair of software bugs in a popular cross‑chain bridge. The incident underscores the fragility of c…
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) infrastructures, a single attacker managed to convert a modest 25 cents worth of Bitcoin into an astronomical 46 billion fake Bitcoin tokens, known in the ecosystem as syBTC. This exploit was carried out on a DeFi bridge—a type of protocol that enables users to move assets across different blockchain networks—by…
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 a striking demonstration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponized, a malicious actor managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens on a popular DeFi bridge. The incident, which has sent shockwaves through the cryptocurrency community, underscores the fragility of cross‑cha…
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 episode that underscores the vulnerabilities still present in decentralized finance (DeFi), a hacker managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into a staggering 46 billion fake BTC tokens. The attack was carried out on a DeFi bridge known as Symbiosis, a platform that enables users to move assets across multiple blockchain networks without relying…
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 transformed 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 malicious actor managed to convert a modest 0.25 BTC holding into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on a cross‑chain bridge. The exploit was made possible by a combination of two separate software bugs that, when triggered together, allowed the attacker to mint s…
Sept. 15, 2026, 1:43 p.m.