Symbiosis loses 9.97 BTC in Bitcoin bridge exploit
- —The attack began with a deposit of 330 satoshi (~25 cents)
- —46.1 billion syBTC minted against prior issuance of 13.91 tokens
- —Real losses estimated at 9.97 BTC (~$770,000)
- —Protocol TVL is about $8 million against $146 million in bridge volume over 30 days
Why it matters: The exploit shows that small bridges concentrate disproportionate risk, while compensation and restart timelines remain unconfirmed.
Source: Cryptonaute