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Symbiosis Hack: $336K Stolen After 46B Fake BTC Minted
Symbiosis lost $336,000 after a hacker exploited its Bitcoin Bridge to mint 46.1 billion fake syBTC tokens. The team quickly paused contracts and recovered about $1.15 million in BTC, but the incident highlights ongoing security risks in DeFi bridges.
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Bitcoin Bridge Hack: Billions in Tokens Minted Illegally
A hacker exploited Symbiosis’s Bitcoin bridge to mint billions of unbacked syBTC tokens, cashing out significant funds. This incident follows similar issues with Liquid and Nomic, highlighting ongoing security risks in cross-chain bridges.