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DeFiBitcoin2 HOURS AGO

A hacker turned 25 cents of bitcoin into 46 billion fake BTC tokens on a DeFi bridge

Compiled by KoinLens from 1 source

Importance 49Neutral* Trust 85 · 1 source5.0Market Impact: 5.0/10 · Moderate
The higher the score out of 10, the bigger the expected impact on the market. Heuristic estimate — not financial advice.
A hacker turned 25 cents of bitcoin into 46 billion fake BTC tokens on a DeFi bridge

Two software bugs allowed the attacker to create more than 2,000 times Bitcoin’s maximum supply in unbacked syBTC. Symbiosis puts preliminary losses at 9.97 BTC.

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