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A hacker transformed a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024, the decentralized finance (DeFi) ecosystem suffered one of its most audacious exploits when a single attacker managed to inflate a modest 0.25 BTC holding into a staggering 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge. This incident not only highlighted the fragility of cross‑chain bridges but also underscored how a pair of seemingly minor software bugs can c…
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 a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a startling episode that underscores the lingering vulnerabilities in decentralized finance (DeFi), a single attacker managed to turn a modest 25‑cent holding of Bitcoin into a staggering 46 billion fake BTC tokens by exploiting a bridge protocol known as Symbiosis. The incident, which has sent ripples through the crypto community, highlights how a combination of coding oversights and inadequa…
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 striking demonstration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponized, a malicious actor managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens on a popular DeFi bridge. The incident, which has sent shockwaves through the cryptocurrency community, underscores the fragility of cross‑cha…
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 illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be exploited, a single attacker managed to turn a modest 0.25 BTC—equivalent to just twenty‑five cents at today’s market price—into a staggering 46 billion fake Bitcoin tokens. The operation was carried out on a DeFi bridge known as Symbiosis, a platform that facilitates cross‑chain token transfers an…
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 fragile decentralized finance (DeFi) can be when code flaws slip through the cracks, a malicious actor managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astonishing 46 billion fake Bitcoin tokens. The attack was carried out on a cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between diff…
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 example of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponised, a single attacker managed to convert a modest investment of just 25 cents worth of Bitcoin into an astronomical quantity of fake Bitcoin tokens—approximately 46 billion syBTC—by exploiting a bridge on the Symbiosis platform. The incident underscores the critical importance of rigorous code au…
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 fragility of decentralized finance (DeFi) protocols, a single malicious actor managed to convert a modest investment of just 25 cents worth of Bitcoin into an astronomical quantity of counterfeit Bitcoin‑derived tokens—46 billion synthetic BTC (syBTC) to be precise. The exploit was carried out on a DeFi bridge, a piece of infrastructure that enables user…
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 unknown hacker demonstrated how a modest investment—just a quarter of a U.S. dollar in Bitcoin—could be leveraged into an astronomical amount of counterfeit cryptocurrency. The attacker exploited a pair of software vulnerabilities in a decentralized finance (DeFi) protocol known as Symbiosis, a cross‑chain bridge that allows users to move assets between different blockc…
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 a startling episode that underscores the fragility of decentralized finance (DeFi) infrastructure, a single malicious actor managed to take a modest holding of just 25 cents worth of Bitcoin and inflate it into an astonishing 46 billion fake BTC tokens on a cross‑chain liquidity bridge. The incident revolves around a DeFi platform known as Symbiosis, which provides a bridge for assets moving b…
Sept. 15, 2026, 1:43 p.m.