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A hacker transformed a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a dramatic illustration of how even modest amounts of cryptocurrency can be leveraged into massive financial exploits, a hacker managed to convert just 25 cents worth of Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The attack was carried out on a decentralized finance (DeFi) bridge—a piece of infrastructure that enables users to move assets across different blockchain network…
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 25 Cents Worth of Bitcoin into 46 Billion Counterfeit BTC Tokens via a DeFi Bridge
In early 2024 a startling incident unfolded on the rapidly expanding world of decentralized finance (DeFi). A single malicious actor, armed with only a modest amount of cryptocurrency—roughly twenty‑five U.S. cents in Bitcoin—exploited two separate software bugs on a popular cross‑chain bridge and succeeded in creating an astronomical quantity of counterfeit Bitcoin‑linked tokens. The result was …
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transforms 25 Cents 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 convert a modest 25‑cent worth of Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens on a cross‑chain liquidity bridge. The exploit was not the result of a sophisticated cryptographic breakthrough but rather the exploitation of two seemingly innocuous software bugs within …
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 startling demonstration of how vulnerabilities in decentralized finance (DeFi) protocols can be exploited for massive profit, a single attacker managed to convert a modest 25‑cent investment of Bitcoin into an astronomical 46 billion fake BTC tokens. The exploit was carried out on a cross‑chain bridge known as Symbiosis, a platform that enables users to move assets between different blockcha…
Sept. 15, 2026, 1:43 p.m.
Tech
A Hacker Transformed 25 Cents 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 exploited for massive profit, a single attacker managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into an astronomical 46 billion counterfeit Bitcoin‑denominated tokens. The operation was carried out on a cross‑chain bridge known as Symbiosis, a platform that facilitates…
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 startling incident unfolded on the decentralized finance (DeFi) landscape that highlighted both the ingenuity of attackers and the fragility of complex smart‑contract systems. A single individual, armed with only a modest amount of cryptocurrency—approximately twenty‑five U.S. cents worth of Bitcoin—exploited two distinct software bugs in a popular cross‑chain bridge called Symbi…
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, the decentralized finance (DeFi) ecosystem was shaken by a spectacular exploit that turned a modest investment of just a quarter‑dollar worth of Bitcoin into an astronomically inflated supply of counterfeit Bitcoin tokens. The attacker, whose identity remains concealed, managed to generate approximately 46 billion synthetic Bitcoin (syBTC) tokens on the Symbiosis bridge, a cross‑ch…
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 in decentralized finance (DeFi) ecosystems, a lone attacker managed to convert a modest investment of merely a quarter‑dollar worth of Bitcoin into an astronomical quantity of synthetic Bitcoin tokens—specifically, 46 billion fake BTC units—by exploiting a pair of software bugs in a cross‑chain bridge. The incident not only high…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter of a Bitcoin into 46 billion counterfeit BTC tokens through a DeFi bridge
In early March 2024, the decentralized finance (DeFi) ecosystem suffered one of its most audacious exploits to date when a single attacker managed to inflate a modest 25‑cent worth of Bitcoin into an astronomical 46 billion fake BTC tokens. The operation was carried out on Symbiosis, a cross‑chain liquidity bridge that enables users to move assets between disparate blockchain networks without rel…
Sept. 15, 2026, 1:43 p.m.