Echo Protocol hit by $77M exploit tied to unauthorized eBTC minting on Monad
Echo Protocol, a Bitcoin-focused DeFi platform, reported a security incident in which an attacker allegedly used a compromised admin key to mint roughly 1,000 unauthorized eBTC on the Monad blockchain—an amount valued at about $77 million. In response, the team has paused all cross-chain transactions while it investigates the breach and works to assess impact and next steps.
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