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A hacker exploited two software bugs in a DeFi bridge to create more than 2,000× Bitcoin's maximum supply in unbacked synthetic $BTC.
The actual reported loss was much smaller than the fake supply created, but the incident exposes something important:
A blockchain can be decentralized and transparent while the applications built on top of it can still have serious vulnerabilities.
The technology isn't the only thing that needs to be secure.
The code connecting everything together does too.
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