Symbiosis Recovers $1.1M in Bitcoin from Recent Bridge Exploit

Cross-chain liquidity protocol Symbiosis has recovered 15 Bitcoin (BTC) worth approximately $1.1 million from a recent bridge exploit.

The incident, which occurred on Friday, affected Symbiosis' native Bitcoin bridge and resulted in an attacker minting 46.1 billion unbacked tokens.

According to blockchain security company Blockaid, the attacker's net proceeds were around 4.3 Wrapped Bitcoin (WBTC), valued at $336,000.

Symbiosis has offered a 20% bounty for information leading to asset recovery and is working on revealing a compensation framework for affected liquidity providers.