“Bitcoin was not hacked”: The crypto vulnerability behind the attack

Bitcoin network intact despite Symbiosis hack; vulnerabilities lie in derivatives and connected networks, says Oz Sultan

A major distinction is being lost in the fallout from the Symbiosis hack: Oz Sultan says Bitcoin itself was not hacked, but a connected network issuing Bitcoin related derivatives was compromised.

Sultan explains how side chains and wrapped Bitcoin can create vulnerabilities around the broader crypto infrastructure, while stressing that the incident did not directly compromise the Bitcoin network.