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Symbiosis DeFi Bridge Hacked, 46 Billion Fake BTC Tokens Minted, Initial Loss of 9.97 Bitcoins
DeFi bridge Symbiosis was hacked, with the attackers exploiting two software vulnerabilities to mint 46 billion unsupported fake syBTC tokens using just 25 cents worth of Bitcoin, a quantity more than 2,000 times Bitcoin's maximum supply. Symbiosis's preliminary estimate of the loss is 9.97 Bitcoin.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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