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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 fragile decentralized finance (DeFi) ecosystems can be when exposed to coding oversights, a single attacker managed to turn a modest 25‑cent investment of Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The exploit was carried out on a cross‑chain bridge known as Symbiosis, a platform designed to facilitate seamless movement of assets between dispa…
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 illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponised, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into an astronomical 46 billion fake BTC tokens. The exploit was carried out on the Symbiosis DeFi bridge, a platform that facilitates cross‑chain asset transfers by locking a native token on one blockchain and iss…
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 early 2024, the decentralized finance (DeFi) ecosystem was shaken by a striking exploit that turned a modest investment of just a quarter‑dollar in Bitcoin into an astronomical quantity of counterfeit Bitcoin tokens. The attacker, exploiting vulnerabilities in a popular cross‑chain bridge known as Symbiosis, succeeded in creating 46 billion synthetic Bitcoin (syBTC) tokens—an amount that dwarf…
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 a single line of malicious code can destabilise an entire financial ecosystem, a hacker managed to turn a modest investment of just twenty‑five US cents worth of Bitcoin into an astronomical 46 billion fake Bitcoin tokens on a decentralized finance (DeFi) bridge. The incident, which has sent shockwaves through the crypto community, underscores the fragile nature…
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 a striking demonstration of how vulnerable decentralized finance (DeFi) infrastructure can be, a malicious actor managed to turn a modest investment of just 25 cents worth of Bitcoin into an astronomical 46 billion fake BTC tokens. The exploit was carried out on a popular cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between different blockchain …
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 startling episode that underscores the lingering fragility of decentralized finance (DeFi) protocols, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into a staggering 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis cross‑chain bridge. The exploit was not the result of a single flaw but rather the convergence of two distinct software bugs that together a…
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 striking episode that underscores the fragility of decentralized finance (DeFi) infrastructure, a single attacker managed to convert a modest 0.25 BTC—equivalent to just twenty‑five cents at today’s market price—into an astronomical 46 billion fake Bitcoin tokens on a cross‑chain bridge known as Symbiosis. The incident, which unfolded over the course of a few hours in early March, has sent s…
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 sophisticated exploit surfaced on the Symbiosis decentralized finance (DeFi) bridge, a platform that enables users to move assets across multiple blockchain networks. The attack was remarkable not only for its scale but also for the sheer audacity of turning a modest investment—roughly a quarter of a US dollar in Bitcoin—into an astronomical amount of fake Bitcoin tokens. By lever…
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 attacker demonstrated how a single, modest amount of cryptocurrency—just 25 cents worth of Bitcoin—could be leveraged into a staggering 46 billion fake Bitcoin tokens on a decentralized finance (DeFi) bridge. The incident, which unfolded on the Symbiosis platform, highlights the growing complexity of smart‑contract vulnerabilities and the systemic risks they pose to …
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 persistent vulnerabilities lurking in decentralized finance (DeFi) ecosystems, a hacker managed to convert a modest investment of just a quarter‑dollar worth of Bitcoin into an astronomical 46 billion fake Bitcoin tokens. The attack was carried out on a DeFi bridge known as Symbiosis, a platform that facilitates the seamless transfer of assets across mu…
Sept. 15, 2026, 1:43 p.m.