Security· ★★★· bearish·

Symbiosis recovers 15 BTC after Bitcoin Bridge exploit, no LP compensation announced

  • —The exploit occurred on September 11 at 04:28 UTC, affecting only the Bitcoin Bridge
  • —Approximately 2^62 syBTC was minted on BNB Chain, and the attacker sold 4.39 WBTC for ~$336,000
  • —About 15 BTC recovered, funds held in the team's multisig
  • —20% bug bounty active until September 13, exact time not specified
Why it matters: Affected LPs remain without compensation, and the native bridge pause limits withdrawals and trust in the protocol.
#BTC#WBTC
Source: CryptoSlate
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