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A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens through 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 25‑cent investment of Bitcoin into an astronomical 46 billion fake BTC tokens. The exploit was carried out on a cross‑chain bridge known as Symbiosis, a platform that enables users to move assets between different blockcha…
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 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 single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astronomical amount of fake Bitcoin tokens—approximately 46 billion syBTC—by exploiting a pair of software bugs on a popular cross‑chain bridge. The incident underscores the fragility of trust‑less sy…
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 ripped through the Symbiosis decentralized finance (DeFi) bridge, turning a modest 0.25 BTC investment into a staggering 46 billion fake Bitcoin‑denominated tokens, known in the platform as syBTC. The incident not only highlighted the fragility of cross‑chain bridges but also underscored how a handful of coding oversights can be weaponised to generate a suppl…
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 exploit unfolded on a decentralized finance (DeFi) platform that highlighted both the promise and the peril of blockchain interoperability. An individual—identified only as a hacker—began with a modest sum of roughly twenty‑five U.S. cents worth of Bitcoin and, by exploiting a pair of software vulnerabilities, succeeded in fabricating an astronomical quantity of syntheti…
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 dramatic illustration of how a single flaw in decentralized finance (DeFi) infrastructure can cascade into a massive financial breach, a hacker managed to turn a modest investment of just 25 cents worth of Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens, known as syBTC, on the Symbiosis DeFi bridge. The incident underscores the fragility of complex smart‑contract ecosystems, …
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 the rapidly evolving world of decentralized finance, a single exploit can ripple across the entire ecosystem, exposing vulnerabilities that many thought were already mitigated. This was precisely what happened when a hacker, armed with only a modest 25‑cent investment in Bitcoin, managed to generate an astronomical 46 billion fake BTC tokens on a DeFi bridge. The incident not only underscores …
Sept. 15, 2026, 1:43 p.m.
Tech
Hacker Converts 25 Cents of Bitcoin into 46 Billion Counterfeit BTC Tokens via DeFi Bridge Exploit
In a striking illustration of how vulnerabilities in decentralized finance (DeFi) can be weaponized, a single attacker managed to transform a modest 25‑cent Bitcoin holding into an astronomical 46 billion counterfeit BTC tokens. The operation hinged on a pair of software bugs embedded within a cross‑chain bridge known as Symbiosis, a platform that enables users to move assets between disparate bl…
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 twenty‑five U.S. cents worth of Bitcoin triggered one of the most dramatic exploits ever witnessed in the decentralized finance (DeFi) ecosystem. The perpetrator, an unknown individual or group, leveraged two distinct software bugs embedded within a popular cross‑chain liquidity bridge called Symbiosis to mint an astronomical quantity of synth…
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 security breach shook the decentralized finance (DeFi) community when a single attacker managed to turn a modest investment of roughly twenty‑five US cents worth of Bitcoin into an astronomically inflated supply of fake Bitcoin tokens, known as syBTC, on the Symbiosis bridge. The incident quickly became a cautionary tale about the fragility of smart‑contract code, the im…
Sept. 15, 2026, 1:43 p.m.