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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 fragility of decentralized finance (DeFi) infrastructures, a single individual managed to convert a modest investment of just a quarter‑dollar worth of Bitcoin into an astonishing 46 billion counterfeit BTC tokens. The operation was carried out on a DeFi bridge known as Symbiosis, a platform designed to facilitate seamless asset transfers across multipl…
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 fragility of decentralized finance (DeFi) infrastructure, a single attacker managed to take a modest investment of just 25 cents worth of Bitcoin and inflate it into a staggering 46 billion fake Bitcoin tokens—known in the system as syBTC—on a popular DeFi bridge. The exploit was made possible by a combination of two distinct software vulnerabilities th…
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 fragility of decentralized finance (DeFi) infrastructures, a single attacker managed to turn a modest 25‑cent holding of Bitcoin into an astronomical 46 billion fake BTC tokens by exploiting vulnerabilities in a cross‑chain bridge known as Symbiosis. The incident has sent shockwaves through the crypto community, prompting urgent calls for more rigorous …
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) infrastructure, a single attacker managed to convert a modest 0.25 BTC—equivalent to just twenty‑five cents at today’s market price—into an astronomical 46 billion fake Bitcoin tokens on a cross‑chain bridge known as Symbiosis. The incident, which unfolded over the course of a few hours in early March, has sent s…
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 demonstration of how fragile decentralized finance (DeFi) can be when poorly audited code meets malicious intent, a hacker managed to transform a modest 25‑cent Bitcoin holding into an astronomical 46 billion counterfeit Bitcoin tokens. The exploit was carried out on the Symbiosis DeFi bridge, a platform that enables users to move assets across different blockchain networks. By tak…
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 episode that underscores the persistent vulnerabilities lurking in decentralized finance (DeFi) ecosystems, a hacker managed to convert a modest investment of just a quarter‑dollar worth of Bitcoin into an astronomical 46 billion fake Bitcoin tokens. The attack was carried out on a DeFi bridge known as Symbiosis, a platform that facilitates the seamless transfer of assets across mu…
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 vulnerabilities inherent in decentralized finance (DeFi) protocols, a malicious actor managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake Bitcoin tokens, known as syBTC, on the Symbiosis DeFi bridge. The exploit was made possible by the convergence of two separate software bugs within the bridge’s sma…
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 dramatic illustration of the risks that still lurk in the rapidly evolving world of decentralized finance, 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‑derived tokens. The exploit was carried out on a DeFi bridge known as Symbiosis, a platform that enables users to move assets across…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transforms a quarter of a Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early 2024 a startling exploit shook the decentralized finance (DeFi) community when an attacker turned a modest 25‑cent worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens on the Symbiosis bridge. The breach highlighted the fragility of cross‑chain infrastructure and underscored how even minor software oversights can be leveraged to create astronomical amounts of unbacked assets…
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, the decentralized finance (DeFi) ecosystem was shaken by a striking exploit that turned a modest investment of just a quarter‑dollar in Bitcoin into an astronomical quantity of counterfeit Bitcoin tokens. The attacker, exploiting vulnerabilities in a popular cross‑chain bridge known as Symbiosis, succeeded in creating 46 billion synthetic Bitcoin (syBTC) tokens—an amount that dwarf…
Sept. 15, 2026, 1:43 p.m.