Hackers mint trillions in fake Bitcoin, but 15 BTC bridge recovery leaves liquidity providers unpaid
Cross-chain protocol Symbiosis said it recovered approximately 15 BTC after an attacker exploited its native Bitcoin Bridge, but affected liquidity providers still lack compensation terms as a Sep. 13 bounty window nears its unspecified cutoff. The…
Nearly $10 million must escape a dying Ethereum L2 network before New Year’s Eve or risk becoming unrecoverable
Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit. The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec.…
CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC
Circle’s wrapped Bitcoin product entered the market with unusually strong institutional credentials and almost no visible scale. The company paired cirBTC with segregated reserves, a federally supervised custodian, direct minting and redemption for…