$BTC BRIDGE EXPLOIT ALERT 🚨
Echo Protocol on Monad was hit by an exploit tied to synthetic Bitcoin minting, with the attacker creating 1,000 eBTC and laundering part of the proceeds through Tornado Cash. Security researchers estimate roughly $816,000 was actually stolen, while Echo paused cross-chain transactions and Curvance froze the affected market.
Bridge risk is screaming again.
This is the third major DeFi breach in five days, with cross-chain infrastructure taking the heaviest fire. Synthetic BTC collateral remains a prime attack surface when liquidity is thin and mint logic gets abused.
Not financial advice. Manage your risk.
#BTC #DeFi #CryptoSecurity #web #BinanceSquare
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