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via Cointelegraph · By Cointelegraph Staff
Echo Protocol Hacked for $76.7M in Admin Key Exploit
CS
Cointelegraph Staff(04:52 AM UTC)
1 min read
Decentralized finance protocol Echo Protocol was exploited after an attacker minted about 1,000 unauthorized eBTC on the protocol, which is deployed on the Monad blockchain.
Blockchain security firm PeckShield and analytics platform Lookonchain both reported the incident on Tuesday, noting that a hacker minted 1,000 synthetic Bitcoin (eBTC) worth around $76.7 million.
“We are currently…
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