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A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens through a DeFi bridge
In early 2024 a startling exploit surfaced in the decentralized finance (DeFi) ecosystem, exposing how a single individual could turn a modest 25‑cent investment in Bitcoin into an astronomical quantity of fake Bitcoin‑derived tokens. The attacker leveraged a combination of two separate software vulnerabilities in a cross‑chain bridge operated by Symbiosis, a platform designed to facilitate seaml…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑dollar worth of Bitcoin into 46 billion fake BTC tokens on a DeFi bridge
In early 2024, the decentralized finance (DeFi) ecosystem suffered a dramatic breach that highlighted both the ingenuity of malicious actors and the fragility of complex smart‑contract systems. A single individual, starting with a modest investment of just 25 cents worth of Bitcoin, managed to generate an astronomical 46 billion counterfeit Bitcoin tokens—referred to as syBTC—by exploiting two di…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter of a Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early 2024 a startling exploit surfaced in the decentralized finance (DeFi) ecosystem that highlighted both the ingenuity of attackers and the fragility of complex smart‑contract systems. An individual, later identified only by a pseudonymous online handle, started with a modest amount of cryptocurrency—roughly twenty‑five US dollars worth of Bitcoin, equivalent to a fraction of a single BTC. …
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑dollar worth 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, highlighting both the promise and the perils of permissionless finance. An unknown attacker, starting with a modest investment of just 25 cents worth of Bitcoin, managed to generate an astronomical quantity of fake Bitcoin‑derived tokens—approximately 46 billion syBTC—by exploiting a pair of software bug…
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 a startling incident unfolded in the rapidly evolving world of decentralized finance (DeFi). An individual, later identified only by a pseudonym, managed to turn a modest investment of just twenty‑five U.S. cents worth of Bitcoin into an astronomical quantity of counterfeit Bitcoin tokens—approximately 46 billion syBTC—by exploiting vulnerabilities in a popular cross‑chain bridge kn…
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 twenty‑five U.S. cents at today’s market price—into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on a popular cross‑chain bridge. This dramatic inflation of token supply was made possible by exploiting two disti…
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 episode that underscores the fragility of decentralized finance (DeFi) infrastructure, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into an astronomical 46 billion counterfeit BTC tokens. The exploit was carried out on a DeFi bridge operated by Symbiosis, a platform that facilitates cross‑chain asset transfers. By leveraging two distinct software bugs, th…
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 lingering vulnerabilities of decentralized finance, a malicious actor managed to take a modest investment of just a quarter‑dollar in Bitcoin and turn it into an astronomical quantity of counterfeit Bitcoin tokens—approximately 46 billion syBTC—by exploiting a pair of software bugs in a DeFi bridging protocol. The incident highlights how even seemingly m…
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 episode that underscores the still‑nascent security challenges of decentralized finance, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens. The exploit was carried out on a popular cross‑chain liquidity bridge known as Symbiosis, which facilitates the movement of assets between disparate…
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.