Symbiosis Recovers $1.15M in Bitcoin After Bridge Exploit

Cross-chain protocol Symbiosis has recovered approximately $1.15 million in Bitcoin following an exploit of its native Bitcoin Bridge.

The security incident occurred on September 11 and prompted the team to suspend its native Bitcoin routes, isolate the affected bridge from the rest of its infrastructure, and contact liquidity providers affected by the incident.

Symbiosis is offering a 20% bounty for the return of additional funds and developing a compensation framework after assessing the financial impact of the incident.