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A hacker transformed 25 cents worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking illustration of how vulnerabilities in decentralized finance (DeFi) can be weaponized, a hacker managed to turn a modest investment of just twenty‑five US cents worth of Bitcoin into an astonishing 46 billion fake Bitcoin tokens, known as syBTC, on a popular DeFi bridge platform. The attack hinged on two separate software bugs that, when exploited together, allowed the attacker to m…
Sept. 15, 2026, 1:43 p.m.
Tech
A cyber‑criminal transformed a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024, a startling exploit rippled through the decentralized finance (DeFi) ecosystem, exposing how a single attacker could inflate a minuscule amount of Bitcoin—worth just $0.25 at the time—into an astronomical 46 billion synthetic Bitcoin (syBTC) tokens. The incident unfolded on Symbiosis, a cross‑chain liquidity bridge that enables users to move assets between disparate blockchain netw…
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 striking episode that underscores the lingering vulnerabilities of decentralized finance, a single attacker managed to turn a modest 25‑cent holding of Bitcoin into a staggering 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis DeFi bridge. The exploit was not the result of a sophisticated cryptographic breakthrough but rather the exploitation of two separate software bugs that, w…
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) protocols can be exploited for massive gain, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake Bitcoin tokens. The incident unfolded on a cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between differen…
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 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 for massive profit, a single attacker managed to convert a modest investment of just twenty‑five US dollars worth of Bitcoin into an astronomical quantity of fake Bitcoin tokens—approximately 46 billion syBTC—by taking advantage of a pair of software bugs on a cross‑chain bridge known as…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transforms 25 Cents 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‑cent worth of Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens on a cross‑chain liquidity bridge. The exploit was not the result of a sophisticated cryptographic breakthrough but rather the exploitation of two seemingly innocuous software bugs within …
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 0.25 BTC holding into an astonishing 46 billion fake Bitcoin tokens on a cross‑chain bridge known as Symbiosis. The exploit hinged on two separate software vulnerabilities embedded within the bridge’s smart‑contract logic, allowing the hacker to repe…
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.
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 lone attacker managed to convert a modest investment of merely a quarter‑dollar in Bitcoin into an astonishing 46 billion bogus BTC tokens. The exploit was carried out on a cross‑chain liquidity bridge known as Symbiosis, a platform designed to enable seamless asset transfers between disparate…
Sept. 15, 2026, 1:43 p.m.