ECHO EXPLOIT HITS $MON ECOSYSTEM ⚠️

Echo Protocol was exploited for roughly $76M in fake eBTC after admin key access allowed the attacker to mint synthetic tokens and use part of them as collateral. Actual value drained is currently estimated around $820K-$870K due to low liquidity and limited lending depth.

This is not a Monad chain exploit.

The hit is at the Echo Protocol level, tied to administrator privileges and DeFi collateral mechanics. Whale focus now shifts to protocol risk, liquidity depth, and BTCFi security across the stack.

Not financial advice. Manage your risk.

#Crypto #DeFi #BTCFi #MON #Trending

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