😔 Echo Protocol on Monad Blockchain Hacked!
A hacker breached the admin key of the eBTC contract, creating 1000 eBTC out of thin air.
They used 45 eBTC as collateral in Curvance → borrowed ~11.29 $WBTC → transferred to #Ethereum → swapped for ETH → withdrew 385 $ETH (~$816k) into Tornado Cash.
ETHUSDT
دائم
2,075.28
-1.72%
WBTC
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The #ECHO team quickly regained control and burned the remaining 955 eBTC.
Actual loss to the protocol is $816,000. Monad #blockchain remains unaffected and operational.
Measures: halted all cross-chain operations on Monad + updated contracts. A pause in bridge and lending on Aptos $APT (as a precaution). Upgrades for other bridges are ongoing.
APTUSDT
دائم
0.9749
+0.84%
Yesterday: Verus