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A hacker transformed a quarter‑dollar of Bitcoin into 46 billion counterfeit BTC tokens through a DeFi bridge
In early 2024 a startling exploit surfaced in the decentralized finance (DeFi) ecosystem that highlighted the fragile interplay between smart‑contract code and the assets they aim to represent. An attacker, starting with a modest investment of just 25 cents worth of Bitcoin, managed to generate an astronomical 46 billion fake Bitcoin tokens—known in the Symbiosis protocol as syBTC—by exploiting t…
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 episode that underscores the lingering vulnerabilities of decentralized finance, a single attacker managed to turn a modest investment of just a quarter‑dollar in Bitcoin into a staggering 46 billion fake BTC tokens. The exploit was carried out on a DeFi bridge known as Symbiosis, a platform that facilitates the movement of assets across multiple blockchain networks. By exploiting t…
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 episode that underscores the fragility of decentralized finance (DeFi) infrastructure, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into an astronomical 46 billion counterfeit BTC tokens. The exploit was carried out on a DeFi bridge operated by Symbiosis, a platform that facilitates cross‑chain asset transfers. By leveraging two distinct software bugs, th…
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 fragile decentralized finance (DeFi) infrastructures can be, a single attacker managed to turn a modest investment of just twenty‑five US cents worth of Bitcoin into a staggering 46 billion counterfeit Bitcoin tokens. The exploit was carried out on a popular cross‑chain bridge known as Symbiosis, a platform that enables users to move assets between different blo…
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 highlighted both the power and the perils of cross‑chain bridges. A single attacker, starting with a modest investment of just a quarter‑dollar in Bitcoin, managed to generate an astronomical 46 billion fake Bitcoin tokens—known in the system as syBTC—by exploiting vulnerabilities in a popular DeFi br…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transforms a quarter‑dollar worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponized, a single attacker managed to turn a modest holding of just 25 cents worth of Bitcoin into an astronomical amount of counterfeit Bitcoin tokens—approximately 46 billion syBTC—by exploiting a pair of software bugs in a popular cross‑chain bridge. The incident underscores the fragility of c…
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 fragility of decentralized finance (DeFi) infrastructure, a single attacker managed to convert a modest investment of roughly a quarter‑dollar in Bitcoin into an astronomical amount of counterfeit Bitcoin‑derived tokens. The exploit took place on a cross‑chain liquidity bridge operated by Symbiosis, a platform that enables users to move assets between d…
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) can be exploited for massive profit, a single attacker managed to turn a modest investment of just a quarter‑dollar worth of Bitcoin into a staggering 46 billion fake Bitcoin tokens. The operation was carried out on a DeFi bridging platform that facilitates the transfer of assets across different blockchain ecosystems. B…
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 25 cents worth of Bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In a striking illustration of how fragile decentralized finance (DeFi) can be when code flaws slip through the cracks, a malicious actor managed to turn a modest investment of just a quarter‑dollar in Bitcoin into an astonishing 46 billion fake Bitcoin tokens. The attack was carried out on a cross‑chain liquidity bridge known as Symbiosis, a platform that enables users to move assets between diff…
Sept. 15, 2026, 1:43 p.m.