Hackers Mint Trillions in Fake BTC as Bridge Exploit Leaves LPs Unpaid
A native bridge sits frozen after attackers minted trillions in fake Bitcoin. A 15 BTC recovery hasn't helped much—liquidity providers still haven't seen a dime.
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Key takeaways
- Hackers minted trillions in fake Bitcoin in a major native bridge breach.
- A 15 BTC recovery effort failed to cover liquidity provider losses.
- The 20% white-hat bounty window expired on September 13 with the bridge remaining paused.
Attackers managed to mint trillions in fake Bitcoin during a massive protocol exploit, and liquidity providers are absorbing the damage. A partial recovery pulled back 15 BTC. It's not enough. The native bridge stays frozen while the team plows through final accounting.
The 20% white-hat bounty window officially closed on September 13. That deadline came and went, leaving the bridge offline and liquidity providers still waiting for their missing funds.
Bridge paused while final accounting gets sorted
The native bridge remains completely shut down while team members continue calculating total losses. By generating absurd amounts of unbacked synth Bitcoin, the exploit effectively smashed the protocol's balance sheet.
Recovering 15 BTC was a minor win, but it won't make affected liquidity providers whole. For now, those who supplied capital to keep the bridge running are left waiting in limbo while accounting checks grind on.
Why it matters
Cross-chain bridges are still the softest target in crypto. When an exploit hits, liquidity providers almost always end up at the back of the queue. If you deposit funds into native bridges or yield pools tied to cross-chain minting, a single exploit can lock your tokens indefinitely—even if partial recoveries happen later.
Source: CryptoSlate
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Mia Chen
Mia digs into DeFi and on-chain data, translating protocol mechanics into plain English for everyday readers.
