Bitcoin bridge exploit just happened. Attacker minted 46.1 BILLION fake tokens with only $0.25 investment.
But here's the twist: actual damage was minimal.
Why? Bridge got shut down fast before major liquidity could be drained. The exploit was caught early - most of that fake supply never hit the market.
This is why bridge security matters more than TVL. One weak point = infinite mint potential.
If you're bridging $BTC or any major asset, always check:
- Bridge audit history
- Response time to exploits
- Insurance coverage
The attacker proved the vulnerability exists. The team proved their monitoring works. Both truths matter for your bags.
But here's the twist: actual damage was minimal.
Why? Bridge got shut down fast before major liquidity could be drained. The exploit was caught early - most of that fake supply never hit the market.
This is why bridge security matters more than TVL. One weak point = infinite mint potential.
If you're bridging $BTC or any major asset, always check:
- Bridge audit history
- Response time to exploits
- Insurance coverage
The attacker proved the vulnerability exists. The team proved their monitoring works. Both truths matter for your bags.