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A Hacker Transformed 25 Cents Worth of Bitcoin Into 46 Billion Counterfeit BTC Tokens on a DeFi Bridge
In a dramatic episode that underscores the growing pains of decentralized finance, a single attacker managed to turn a modest 25‑cent investment in Bitcoin into a staggering 46 billion counterfeit BTC tokens on a DeFi bridging platform. The exploit was not the result of a sophisticated social‑engineering campaign or a massive capital outlay, but rather the exploitation of two distinct software bu…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Converts 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) ecosystems, a single attacker managed to transform a modest 25‑cent holding of Bitcoin into an astonishing 46 billion counterfeit Bitcoin tokens on a popular DeFi bridge. The exploit was made possible by a pair of software bugs embedded in the bridge’s smart‑contract architecture, which together allowed the mali…
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 demonstration of how fragile decentralized finance (DeFi) infrastructures can be, a single attacker managed to turn a modest investment of just twenty‑five US cents worth of Bitcoin into a staggering 46 billion counterfeit Bitcoin 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 blo…
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 turned a quarter of a Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early June 2024, the decentralized finance (DeFi) ecosystem was shaken by a dramatic exploit that highlighted the lingering vulnerabilities in cross‑chain bridge protocols. A single malicious actor, armed with only a modest amount of Bitcoin—approximately $0.25 worth—managed to mint an astonishing 46 billion fake Bitcoin‑backed tokens, known as syBTC, on the Symbiosis bridge. The incident not …
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 quickly a modest amount of cryptocurrency can be amplified into a massive fraudulent operation, a hacker managed to turn just a quarter‑dollar worth of Bitcoin into an astonishing 46 billion counterfeit Bitcoin tokens. The attack was carried out on a decentralized finance (DeFi) bridge known as Symbiosis, a platform that allows users to move assets across multi…
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 exploited for massive profit, a single attacker managed to convert 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 bridge protocol that connects multiple blockchain networks. The incident underscores the …
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 early 2024, the decentralized finance (DeFi) ecosystem was shaken by a dramatic exploit that highlighted the lingering risks of smart‑contract complexity and insufficient audit processes. A single malicious actor, armed with only about 25 cents worth of Bitcoin, managed to mint an astronomical 46 billion fake Bitcoin tokens—referred to as syBTC—on a popular cross‑chain bridge platform known as…
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 a striking episode that underscores the vulnerabilities still present in decentralized finance, a single attacker managed to turn a modest investment of just twenty‑five US cents worth of Bitcoin into an astonishing 46 billion fake Bitcoin tokens on a popular DeFi bridge. The exploit hinged on two separate software bugs embedded within the bridge’s smart‑contract architecture, allowing the mal…
Sept. 15, 2026, 1:43 p.m.