#eBTC

May 19, 2026

Echo Protocol Pauses Bridge After $76.7M Fake eBTC Mint on Monad

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Echo Protocol has paused bridge activity after an attacker minted roughly 1,000 unauthorized eBTC on its Monad deployment, creating about $76.7 million in fake synthetic Bitcoin exposure while extracting only a fraction of that value so far. About 1,000 unauthorized eBTC were minted Roughly $76.7 million in synthetic Bitcoin exposure was created The likely cause […]

#DeFi Bridge #eBTC #Echo Protocol #Monad

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May 19, 2026

Echo Protocol Hack Mints $76.7M in Fake eBTC, ECHO Token Drops 11%

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ECHO token plunged after Echo Protocol suffered an admin key compromise that let an attacker mint about $76.7 million in unauthorized eBTC, a Bitcoin-linked synthetic asset that was then pushed through DeFi borrowing and bridging flows. Admin key compromise triggered the exploit ~1,000 eBTC minted without collateral ECHO fell over 11% after the breach became […]

#Admin Key #eBTC #Echo Protocol #ECHO Token

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