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via Decrypt · By Decrypt Editorial
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
BTC
BTC/USDT
$62,994.73
-1.75%
$62,994.73
-1.75%
(24s)24h Volume
$18,178,971,941.34
24h H/L
$64,275.38 / $61,938.00
Change: $2,337.38 (3.77%)
Long/Short
68.3%
Long: 68.3%Short: 31.7%
Funding Rate
+0.0017%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(11:13 AM UTC)
1 min read
1116 views
0 commentsIn 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…
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