On September 11, 2026, Symbiosis's Bitcoin Bridge was exploited to create about 46.1 billion unbacked synthetic Bitcoin tokens (syBTC). The attacker liquidated only around 4.39 wrapped BTC for roughly $336,000 before the breach was detected. Symbiosis recovered about 15 BTC (worth $1.15 million) and suspended Bitcoin routing while keeping other services operational. They offered the attacker a white-hat bounty of 20% of stolen funds, with a deadline of September 13, and plan compensation for affected liquidity providers. This is the third recent Bitcoin bridge exploit, following similar attacks on Liquid Network and Nomic.
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Strategy Inc., led by Michael Saylor, has sparked speculation of additional bitcoin purchases after sharing an updated acquisition chart showing 847,666 BTC valued at about $72.29 billion. The company recently disclosed a $142.7 million bitcoin purch...
