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A hacker transformed a quarter‑dollar worth 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 of Bitcoin into a staggering 46 billion fake BTC tokens. The incident unfolded on Symbiosis, a cross‑chain liquidity bridge that enables users to move assets between disparate blockchain networks without relying on centralized custodians…
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 episode that underscores the fragility of decentralized finance (DeFi) protocols, a single attacker managed to convert a modest 25‑cent investment of Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The exploit was carried out on a popular cross‑chain bridge known as Symbiosis, a platform that enables users to move assets between different blockchain networks without r…
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 inherent in decentralized finance (DeFi) protocols, a malicious actor managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake Bitcoin tokens, known as syBTC, on the Symbiosis DeFi bridge. The exploit was made possible by the convergence of two separate software bugs within the bridge’s sma…
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 early 2024, the decentralized finance (DeFi) ecosystem was shaken by a dramatic exploit that highlighted both the promise and the peril of cross‑chain bridges. A single attacker, starting with a modest investment of just 25 US cents in Bitcoin, managed to generate an astronomical 46 billion synthetic Bitcoin tokens—known as syBTC—on the Symbiosis bridge. This figure represents more than 2,000 …
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 0.25 BTC holding into an astronomical 46 billion synthetic Bitcoin tokens (syBTC) on a popular DeFi bridge. The incident, which has sent shockwaves through the crypto community, was made possible by a pair of software vulnerabilities that together allowed the creation of …
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 illustration of how fragile decentralized finance (DeFi) can be when code errors slip through, a single individual managed to turn a modest investment of just twenty‑five US dollars worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens on a popular DeFi bridge. The incident, which unfolded on the Symbiosis network, underscores the massive risks that even seemingly small…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transformed 25 Cents 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 exploited for massive profit, a single attacker managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into an astronomical 46 billion counterfeit Bitcoin‑denominated tokens. The operation was carried out on a cross‑chain bridge known as Symbiosis, a platform that facilitates…
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 startling demonstration of how fragile decentralized finance (DeFi) protocols can be when faced with sophisticated exploits, a hacker managed to turn a modest investment of just 25 cents worth of Bitcoin into an astronomical 46 billion counterfeit BTC tokens. The attack was carried out on a cross‑chain bridge operated by Symbiosis, a platform that enables users to move assets between differe…
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 dramatic illustration of how vulnerabilities in decentralized finance (DeFi) can be exploited for massive profit, a single attacker managed to turn a modest holding of just 0.25 BTC into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge. The incident, which has drawn the attention of the broader crypto community, underscores the importance of rigorous code au…
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 the rapidly evolving world of decentralized finance, a recent incident has highlighted how even a modest amount of cryptocurrency can be leveraged into a massive exploit when vulnerabilities in smart‑contract code go unchecked. A malicious actor began with a mere 25 cents worth of Bitcoin—approximately a few thousand satoshis—and, through a series of coordinated actions on a DeFi bridging plat…
Sept. 15, 2026, 1:43 p.m.