Symbiosis Recovers 15 BTC After Hack, Leaves Liquidity Providers in the Dark

A cross-chain protocol called Symbiosis recently suffered a security breach that allowed hackers to mint trillions of fake Bitcoin. However, the protocol has since recovered approximately 15 BTC from the attacker.

The attack occurred on September 11 at around 04:28 UTC when an exploiter took advantage of the protocol's native Bitcoin Bridge. Only this bridge was affected, with other routes and components remaining operational.

Symbiosis said it contacted every affected liquidity provider directly to build a compensation framework. However, no details have been disclosed on who will qualify or how compensation will be calculated.