TREE NEWS update: Symbiosis said it recovered 15 BTC after an exploit on its Bitcoin bridge, and offered the attacker a 20% bounty. Blockaid said roughly 46.1 billion syBTC were minted, but the attacker realized only about $336,000 in proceeds. The recovery and bounty offer follow the bridge attack.
Symbiosis Recovers 15 BTC After Bridge Exploit, Offers Attacker 20% Bounty
The recovered 15 BTC against roughly 46.1 billion syBTC minted points to a familiar bridge failure mode: the mint was enormous on paper, but the realizable value was far smaller, which limits the damage and strengthens Symbiosis's leverage in negotiating. The 20% bounty is a standard white-hat incentive, effectively a bid to turn the attacker into a returner rather than a pursued counterparty. Whether the remaining funds come back, and how the syBTC mint is unwound, is the open question.
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