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via Decrypt · By Decrypt Editorial
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
BTC
BTC/USDT
$84,422.01
+1.40%
$84,422.01
+1.40%
(24s)24h Volume
$19,071,628,977.42
24h H/L
$84,942.45 / $83,156.00
Change: $1,786.45 (2.15%)
Long/Short
56.7%
Long: 56.7%Short: 43.3%
Funding Rate
+0.0020%
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…
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