Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit

BTC

BTC/USDT

$75,013.41

+7.92%

$75,013.41

+7.92%

(24s)

24h Volume

$39,057,151,393.52

24h H/L

$75,785.82 / $69,336.97

Change: $6,448.85 (9.30%)

Long/Short

52.3%

Long: 52.3%Short: 47.7%

Funding Rate

+0.0036%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$74,763.10

▲ 2.38%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$75,785.82

Price$74,763.10

Support 1$73,884.38

Support 2$72,789.19

Support 3$70,151.58

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):82.6

Decrypt Editorial

(11:13 AM UTC)

1 min read

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…