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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 a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a dramatic illustration of how vulnerabilities in decentralized finance (DeFi) can be exploited for massive profit, a single attacker managed to turn a modest holding of just 0.25 BTC into an astonishing 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge. The incident, which has drawn the attention of the broader crypto community, underscores the 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 fake BTC tokens on a DeFi bridge
In early 2024, the decentralized finance (DeFi) ecosystem suffered a dramatic breach that highlighted both the ingenuity of malicious actors and the fragility of complex smart‑contract systems. A single individual, starting with a modest investment of just 25 cents worth of Bitcoin, managed to generate an astronomical 46 billion counterfeit Bitcoin tokens—referred to as syBTC—by exploiting two di…
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 striking incident unfolded on a decentralized finance (DeFi) platform that highlighted the lingering fragility of cross‑chain bridges and the importance of rigorous code audits. An individual—identified only as a hacker—managed to convert a modest 0.25 BTC (approximately twenty‑five US dollars at the time) into an astronomical 46 billion synthetic Bitcoin tokens, known on the plat…
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 highlights both the promise and the perils of decentralized finance, a malicious actor managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into an astonishing 46 billion fake Bitcoin tokens on a popular DeFi bridge. The incident unfolded on the Symbiosis platform, a cross‑chain liquidity hub that enables users to swap assets across disparate bl…
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 example of how vulnerabilities in decentralized finance (DeFi) protocols can be exploited for massive gain, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake Bitcoin tokens. The incident unfolded on a cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between differen…
Sept. 15, 2026, 1:43 p.m.
Tech
A cyber‑criminal transformed a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024, a startling exploit rippled through the decentralized finance (DeFi) ecosystem, exposing how a single attacker could inflate a minuscule amount of Bitcoin—worth just $0.25 at the time—into an astronomical 46 billion synthetic Bitcoin (syBTC) tokens. The incident unfolded on Symbiosis, a cross‑chain liquidity bridge that enables users to move assets between disparate blockchain netw…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transforms a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024 a sophisticated exploit was uncovered on Symbiosis, a cross‑chain liquidity bridge that enables users to move assets between different blockchain networks without relying on a centralized exchange. The breach was not a typical theft of existing tokens; instead, the attacker leveraged two separate software vulnerabilities to forge an astronomical quantity of synthetic Bitcoin, known …
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 early 2024, the decentralized finance (DeFi) ecosystem suffered one of its most dramatic exploits when a single attacker managed to convert a modest 25‑cent investment of Bitcoin into an astronomical 46 billion fake Bitcoin tokens, known as syBTC, on the Symbiosis bridge. The incident not only highlighted the fragility of cross‑chain bridges but also underscored how a pair of seemingly minor 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 a dramatic illustration of how a single flaw in a decentralized finance (DeFi) protocol can unleash a cascade of financial chaos, a hacker managed to turn a modest investment of just twenty‑five US cents worth of Bitcoin into a staggering 46 billion counterfeit BTC tokens. The exploit was carried out on the Symbiosis bridge, a cross‑chain liquidity platform that enables users to move assets be…
Sept. 15, 2026, 1:43 p.m.