Another day, another exploit.
EchoProtocol on Monad just got rekt for $76.64M.
Here's how the hacker moved:
Minted 1,000 $eBTC ($76.64M) on Monad
Deposited 45 $eBTC ($3.45M) into Curvance
Borrowed 11.3 $WBTC ($867K)
Bridged to Ethereum, swapped for 385 $ETH ($821K)
Funneled through Tornado Cash
The hacker still sits on 955 $eBTC ($73.2M).
This is why you don't ape into unaudited protocols on new chains. Monad hasn't even launched mainnet and we're already seeing this level of exploit sophistication.
If you're farming yields on bleeding-edge L1s, understand you're playing with fire. Exit liquidity doesn't care about your hopium.