Symbiosis recovers 15 BTC after attacker mints billions of syBTC

Cross-chain liquidity protocol Symbiosis has recovered approximately 15 BTC after an attacker exploited its Bitcoin Bridge, while its native bitcoin route remains suspended and affected liquidity providers await a compensation plan. Summary Symbiosis recovered approximately 15 BTC after an attacker exploited its Bitcoin Bridge on Sept. 11. The protocol offered a 20% bounty for further fund recovery while its native Bitcoin Bridge remains paused. Blockaid said the exploit minted roughly 46.1 billion unbacked syBTC, but the attacker sold only around 4.39 WBTC for $336,000. Bitcoin swaps have resumed through Chainflip and THORChain while Symbiosis prepares a compensation framework for affected liquidity providers. Symbiosis said the security incident occurred on Sept. 11 after an attacker exploited a vulnerability in the Bitcoin Bridge, prompting the protocol to halt its native BTC routes and isolate the affected bridge from the rest of its infrastructure. Symbiosis experienced a security incident. At approximately 04:28 UTC on Sep 11, 2026, attacker exploited a vulnerability in Bitcoin Bridge. BTC routes have been halted. Other routes remain operational and safe.Where we stand:• Only...