Symbiosis Recovers 15 BTC After Bridge Exploit

Symbiosis, a cross-chain liquidity protocol, has recovered about 15 BTC after its Bitcoin Bridge was exploited on Sept. 11.

The assets, currently valued at roughly $1.15 million, have been moved to a team-controlled multisignature wallet.

The exploit involved Symbiosis's BridgeV2 contract on BNB Chain and resulted in about 46.1 billion syBTC being created and transferred to a newly established address.

Symbiosis said it is communicating directly with all liquidity providers affected by the attack and is preparing a compensation plan, though details determining who qualifies for compensation are still to be released.