🚨 Another DeFi bridge just got destroyed… and this time even Bitcoin liquidity wasn’t safe.
Echo Protocol, a Monad-based BTC liquidity project, reportedly suffered a massive $76.7M exploit after an attacker minted 1,000 eBTC out of thin air and used it to drain real $BTC value.
Here’s the scary part 👇
• Fake eBTC was used as collateral to borrow WBTC
• WBTC got bridged to Ethereum
• Funds were converted into ETH and moved through Tornado Cash
• Cross-chain transfers are now paused by the team
This is exactly why many traders still don’t trust bridge-based DeFi systems.
Hackers keep exploiting “synthetic liquidity” while retail users become exit liquidity.
Even worse?
$ECHO was recently featured on Binance Alpha, so many users were watching this ecosystem closely before the attack news dropped.
The market keeps evolving… but bridges still look like crypto’s weakest point.
Would you still trust BTC liquidity protocols after this?

