🚨 JUST IN: Bitcoin wrappers are having one heck of a month. Blockstream's Liquid Network: Nearly 4,000 BTC drained. Nomic: 39.84 unbacked nBTC minted, leaving a 36% hole. And now Symbiosis: Billions in fake syBTC minted, with $336K cashed out. Three wrappers. Three exploits. Same ugly trick: creating bitcoin-backed tokens without the real bitcoin to back them.
published
🚨 JUST IN: Bitcoin wrappers are having one heck of a month. Blockstream's Liquid Network: Nearly 4,000 BTC drained. Nomic: 39.84 unbacked nBTC minted, leaving a 36% hole. And now Symbiosis: Billions in fake syBTC minted, with $336K cashed out. Three wrappers.
$BTC
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