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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 vulnerabilities in decentralized finance (DeFi) can be weaponized, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astronomical amount of fake Bitcoin tokens—approximately 46 billion syBTC—by exploiting a pair of software bugs on a popular cross‑chain bridge. The incident underscores the fragility of trust‑less sy…
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 hacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astronomical 46 billion fake BTC tokens. The attack was executed on a popular cross‑chain liquidity bridge called Symbiosis, which facilitates the movement of assets between different blockchain eco…
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 growing pains of decentralized finance, a single attacker managed to turn a modest 0.25 BTC holding into an astronomical 46 billion synthetic Bitcoin tokens (syBTC) on a popular DeFi bridge. The incident, which has sent shockwaves through the crypto community, was made possible by a pair of software vulnerabilities that together allowed the creation of …
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 startling exploit rippled through the decentralized finance (DeFi) ecosystem, highlighting how a single flaw in a smart‑contract bridge can generate astronomical amounts of fake cryptocurrency. The incident began with a modest holding—just 25 cents worth of Bitcoin—yet it culminated in the creation of roughly 46 billion synthetic Bitcoin tokens (syBTC) that had no underlying colla…
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 early 2024 a startling exploit unfolded on a decentralized finance (DeFi) platform that highlighted both the promise and the peril of blockchain interoperability. An individual—identified only as a hacker—began with a modest sum of roughly twenty‑five U.S. cents worth of Bitcoin and, by exploiting a pair of software vulnerabilities, succeeded in fabricating an astronomical quantity of syntheti…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early 2024, the decentralized finance (DeFi) ecosystem was shaken by a dramatic exploit that highlighted both the innovative potential and the lingering technical fragilities of cross‑chain bridging protocols. The incident centered on a single malicious actor who, starting with a modest investment of just 25 cents worth of Bitcoin, managed to create an astronomically inflated amount of synthet…
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) infrastructures, a single malicious actor managed to convert a modest 0.25 BTC holding into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on a cross‑chain bridge. The exploit was made possible by a combination of two separate software bugs that, when triggered together, allowed the attacker to mint 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, the decentralized finance (DeFi) ecosystem was shaken by a startling exploit that turned a modest investment of just a quarter‑dollar worth of Bitcoin into an astronomical amount of counterfeit Bitcoin‑derived tokens. The attacker, exploiting two separate software bugs in the Symbiosis DeFi bridge, succeeded in creating roughly 46 billion fake BTC‑linked tokens, known as syBTC, whi…
Sept. 15, 2026, 1:43 p.m.