Hacker mints 46.1B fake BTC on Symbiosis bridge, steals $336,000
- —Attack on Symbiosis Bitcoin bridge occurred on September 11
- —46.1 billion unbacked syBTC minted, only 4.39 WBTC sold for $336,000
- —Team recovered about 15 BTC ($1.15 million), held in a multisig
- —Symbiosis bridge remains closed, BTC swaps routed via Chainflip and THORChain
Why it matters: The incident highlights bridge risks and inflated token issuance volumes, and raises the question of compensation for affected liquidity providers.
Source: Journal du Coin