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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 25‑cent holding of Bitcoin into an astonishing 46 billion fake Bitcoin tokens on a popular DeFi bridge. The exploit hinged on two separate software vulnerabilities that, when combined, allowed the malicious actor to mint an astronomical quantity of synthetic Bitcoin (syBT…
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 early 2024 a relatively modest investment—just 25 cents worth of Bitcoin—was turned into a staggering 46 billion fake Bitcoin tokens on a decentralized finance (DeFi) bridge, exposing how a pair of software vulnerabilities can be weaponised to create massive amounts of counterfeit digital assets. The incident, which unfolded on the Symbiosis bridge, demonstrates the fragility of cross‑chain li…
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 fragility of decentralized finance (DeFi) protocols, a single attacker managed to turn a modest investment—equivalent to just a quarter of a U.S. dollar in Bitcoin—into an astronomical quantity of fake Bitcoin tokens. By exploiting a pair of software vulnerabilities in a cross‑chain bridge known as Symbiosis, the hacker minted an astonishing 46 billion …
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 the rapidly evolving world of decentralized finance, a recent incident has highlighted both the promise and the peril inherent in the technology. A single individual, armed with only a modest 25 cents worth of Bitcoin, managed to exploit vulnerabilities in a DeFi bridge to generate an astonishing 46 billion counterfeit Bitcoin tokens, known as syBTC. This dramatic breach not only underscores t…
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 fragility of decentralized finance (DeFi) infrastructures, a single individual managed to convert a modest investment of just a quarter‑dollar worth of Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The operation was carried out on a DeFi bridge known as Symbiosis, a platform designed to facilitate seamless asset transfers across multipl…
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 25 cents at current market prices—into an astronomical 46 billion fake Bitcoin tokens on a cross‑chain bridge known as Symbiosis. The exploit hinged on two separate software vulnerabilities that together permitted the creatio…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early 2024 a startling exploit surfaced in the decentralized finance (DeFi) ecosystem, highlighting how a single vulnerability can generate astronomical amounts of fake cryptocurrency. The incident revolved around a hacker who started with a modest investment—just 25 cents worth of Bitcoin—and managed to create an astonishing 46 billion counterfeit Bitcoin‑derived tokens, known as syBTC, on th…
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 startling episode that underscores the growing pains of decentralized finance, a single attacker managed to convert a modest 25 cents worth of Bitcoin into an astronomical 46 billion fraudulent BTC‑style tokens on a DeFi bridging platform. The exploit hinged on a pair of software vulnerabilities that together allowed the malicious actor to mint more than two thousand times the entire existin…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early 2024 a startling exploit rippled through the decentralized finance (DeFi) ecosystem, exposing how a single vulnerability can generate astronomical amounts of synthetic Bitcoin tokens out of almost nothing. The incident centered on a DeFi bridge known as Symbiosis, a platform that enables users to move assets across multiple blockchain networks. According to the investigation, a malicious…
Sept. 15, 2026, 1:43 p.m.
Tech
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.