Community Articles
via Decrypt · By Decrypt Editorial
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
BTC
BTC/USDT
$64,763.67
+1.90%
$64,763.67
+1.90%
(24s)24h Volume
$11,957,690,817.63
24h H/L
$65,176.60 / $63,546.50
Change: $1,630.10 (2.57%)
Long/Short
57.3%
Long: 57.3%Short: 42.7%
Funding Rate
+0.0043%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(11:13 AM UTC)
1 min read
In brief
- Attackers minted 1,000 eBTC on Echo Protocol’s Monad blockchain deployment before borrowing and moving funds across chains.
- Echo Protocol said a compromised admin key enabled the unauthorized minting activity and estimated losses at roughly $816,000.
- The exploit marks the latest in a string of DeFi attacks that have raised concerns around cross-chain and protocol security.
Bitcoin liquid…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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