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A hacker transformed a quarter‑bitcoin into 46 billion counterfeit BTC tokens via a DeFi bridge
In early 2024 a sophisticated exploit ripped through the Symbiosis decentralized finance (DeFi) bridge, turning a modest 0.25 BTC investment into a staggering 46 billion fake Bitcoin‑denominated tokens, known in the platform as syBTC. The incident not only highlighted the fragility of cross‑chain bridges but also underscored how a handful of coding oversights can be weaponised to generate a suppl…
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 a decentralized finance (DeFi) platform that left the cryptocurrency community scrambling for answers. An individual, later identified only by a pseudonymous address, managed to turn a modest investment of roughly twenty‑five U.S. cents worth of Bitcoin into an astronomical quantity of fake Bitcoin‑derived tokens—approximately 46 billion syBTC—by exp…
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 illustration of how vulnerabilities in decentralized finance (DeFi) protocols can be weaponised, a single attacker managed to convert a modest 25‑cent holding of Bitcoin into an astronomical 46 billion fake BTC tokens. The exploit was carried out on the Symbiosis DeFi bridge, a platform that facilitates cross‑chain asset transfers by locking a native token on one blockchain and iss…
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) protocols can be weaponised, a single attacker managed to inflate a modest 0.25 BTC holding into a staggering 46 billion synthetic Bitcoin tokens (syBTC) on the Symbiosis bridge. The exploit hinged on two separate software bugs that, when combined, allowed the malicious actor to mint an amount of synthetic Bitcoin t…
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 startling demonstration of how even a modest amount of cryptocurrency can be leveraged into a massive financial exploit, a hacker managed to convert a mere 25 cents worth of Bitcoin into an astonishing 46 billion counterfeit BTC tokens on a decentralized finance (DeFi) bridge. The incident, which has sent shockwaves through the blockchain community, underscores the fragility of smart‑contrac…
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 sophisticated exploit surfaced on a decentralized finance (DeFi) platform that operates as a cross‑chain bridge, exposing how a single vulnerability can be leveraged to generate an astronomical amount of synthetic Bitcoin tokens. The incident began when an individual, described in the community as a "hacker," took a modest holding of just 0.25 BTC—equivalent to roughly twenty‑five…
Sept. 15, 2026, 1:43 p.m.
Tech
A hacker transformed a quarter of a Bitcoin into 46 billion counterfeit BTC tokens on a DeFi bridge
In early 2024 a startling exploit surfaced in the decentralized finance (DeFi) ecosystem that highlighted both the ingenuity of attackers and the fragility of complex smart‑contract systems. An individual, later identified only by a pseudonymous online handle, started with a modest amount of cryptocurrency—roughly twenty‑five US dollars worth of Bitcoin, equivalent to a fraction of a single BTC. …
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 the rapidly evolving world of decentralized finance, a single exploit can ripple across the entire ecosystem, exposing vulnerabilities that many believed were merely theoretical. This was starkly illustrated when a hacker, starting with a modest investment of just a quarter‑dollar worth of Bitcoin, managed to generate an astronomical 46 billion fake BTC tokens on a popular DeFi bridge. The inc…
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 relatively modest investment—just a quarter of a U.S. dollar in Bitcoin—was the seed that ignited one of the most astonishing exploits ever witnessed in the decentralized finance (DeFi) ecosystem. The perpetrator, an unidentified hacker, leveraged two distinct software bugs embedded in a popular cross‑chain liquidity bridge called Symbiosis to fabricate an astronomical quantity 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 startling incident unfolded on the rapidly expanding world of decentralized finance (DeFi). An individual, identified only as a hacker, managed to turn a modest investment of roughly twenty‑five US cents worth of Bitcoin into an astronomical quantity of counterfeit Bitcoin tokens—approximately 46 billion synthetic BTC (syBTC). The exploit was executed on the Symbiosis DeFi bridge,…
Sept. 15, 2026, 1:43 p.m.