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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 growing pains of decentralized finance, a single attacker managed to turn a modest investment of just twenty‑five U.S. cents worth of Bitcoin into a staggering 46 billion fake BTC tokens. The operation was carried out on a DeFi bridge known as Symbiosis, a platform designed to facilitate seamless asset transfers across multiple blockchain networks. The …
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Converts 25 Cents of Bitcoin into 46 Billion Counterfeit BTC Tokens via a DeFi Bridge
In a startling demonstration of how vulnerable decentralized finance (DeFi) infrastructures can be, a single attacker managed to transform a modest 25‑cent investment in Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The exploit was carried out on a popular cross‑chain liquidity bridge known as Symbiosis, which enables users to move assets between different blockchain networks. By…
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 the risks that still lurk in the rapidly evolving world of decentralized finance, a lone attacker managed to turn a modest 25‑cent investment in Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens on a DeFi bridging platform. The exploit was not the result of a single flaw but rather the convergence of two separate software bugs that, when combined, allow…
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 early 2024, the decentralized finance (DeFi) ecosystem was shaken by a spectacular exploit that highlighted both the promise and the perils of cross‑chain bridges. A single attacker, starting with a modest investment of just 25 cents worth of Bitcoin, managed to fabricate an astronomical 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge, a platform designed to enable seamless…
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 startling exploit shook the decentralized finance (DeFi) ecosystem when a single attacker managed to turn a modest 0.25 BTC holding into a staggering 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge. The incident highlighted the fragility of cross‑chain bridges, the importance of rigorous smart‑contract audits, and the massive financial risk that even a tiny amo…
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 a startling demonstration of how vulnerabilities in decentralized finance (DeFi) protocols can be exploited, a hacker managed to convert a modest investment of just a quarter‑dollar in Bitcoin into an astronomical quantity of fake Bitcoin tokens—46 billion syBTC—by taking advantage of a pair of software bugs on a popular cross‑chain bridge. The incident underscores the fragility of complex sma…
Sept. 15, 2026, 1:43 p.m.
Tech
Hacker Converts 25 Cents Worth of Bitcoin into 46 Billion Counterfeit BTC Tokens via DeFi Bridge Exploit
In a startling incident that highlights the fragility of decentralized finance (DeFi) infrastructures, a lone hacker managed to transform a modest investment of just twenty‑five U.S. cents worth of Bitcoin into an astronomical 46 billion counterfeit BTC tokens. The exploit was carried out on a DeFi bridge known as Symbiosis, a platform that enables users to move assets across multiple blockchain …
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 a decentralized finance (DeFi) protocol can be exploited to generate astronomical amounts of counterfeit cryptocurrency, a hacker managed to turn a modest 25‑cent investment of Bitcoin into a staggering 46 billion fake BTC tokens. The attack was executed on the Symbiosis DeFi bridge, a platform that facilitates cross‑chain token swaps by locking …
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 surfaced on a decentralized finance (DeFi) platform that highlighted the fragility of cross‑chain bridges and the importance of rigorous smart‑contract auditing. The attacker, whose identity remains concealed, began with a modest holding of just 0.25 BTC (approximately twenty‑five cents at the time) and, through a combination of two separate software vulnera…
Sept. 15, 2026, 1:43 p.m.