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A hacker transformed a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking illustration of the vulnerabilities that still plague decentralized finance, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into a staggering 46 billion fake Bitcoin tokens. The exploit was carried out on a DeFi bridging platform that facilitates the movement of assets across different blockchain ecosystems. By taking advantage of two separate software bugs…
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 lingering vulnerabilities of decentralized finance, a lone attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake Bitcoin tokens. The exploit was carried out on a popular cross‑chain liquidity bridge, a piece of infrastructure that enables users to move assets between disparate blockchain networ…
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 demonstration of how vulnerabilities in decentralized finance (DeFi) protocols can be exploited, a hacker managed to convert a modest investment of just a quarter‑dollar in Bitcoin into an astronomical quantity of fake Bitcoin tokens—46 billion syBTC—by taking advantage of a pair of software bugs on a popular cross‑chain bridge. The incident underscores the fragility of complex sma…
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 sophisticated attacker exploited a pair of software vulnerabilities in a popular decentralized finance (DeFi) bridging protocol, turning a modest 0.25 BTC stake into a staggering 46 billion synthetic Bitcoin tokens (syBTC). The incident underscores the fragility of cross‑chain bridges, the importance of rigorous code audits, and the potential systemic risk that a single exploit ca…
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 a striking demonstration of how vulnerable decentralized finance (DeFi) infrastructure can be, a malicious actor managed to turn a modest investment of just 25 cents worth of Bitcoin into an astronomical 46 billion fake BTC tokens. The exploit was carried out on a popular cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between different blockchain …
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 a startling episode that underscores the growing pains of decentralized finance, a lone attacker managed to convert a modest 25‑cent investment in Bitcoin into an astronomical 46 billion fake BTC tokens by exploiting vulnerabilities in a popular DeFi bridge. The incident, which has sent shockwaves through the cryptocurrency community, highlights how a combination of software bugs, insufficient…
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 sophisticated exploit surfaced on a decentralized finance (DeFi) platform that operates as a cross‑chain bridge, exposing how a single vulnerability can be leveraged to generate an astronomical amount of synthetic Bitcoin tokens. The incident began when an individual, described in the community as a "hacker," took a modest holding of just 0.25 BTC—equivalent to roughly twenty‑five…
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 relatively modest investment of just a quarter‑dollar in Bitcoin set off a chain of events that would later be described as one of the most audacious exploits in the decentralized finance (DeFi) ecosystem. The attacker, operating under the veil of anonymity that is typical for many blockchain‑based actors, discovered and leveraged two separate software vulnerabilities within a cr…
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 lingering security challenges facing decentralized finance, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astronomically inflated supply of counterfeit Bitcoin tokens. The exploit took place on Symbiosis, a cross‑chain liquidity bridge that enables users to move assets between different blockchain netw…
Sept. 15, 2026, 1:43 p.m.