fromnews.bitcoin.com
5 days agoEcho Protocol Pauses Monad Bridge After Admin Key Breach Sparks $816K Loss
An attacker compromised an administrative key tied to Echo Protocol’s deployment on the Monad blockchain network and used it to mint 1,000 eBTC tokens valued at about $76.7 million. The attacker granted their own wallet minting privileges, then deposited 45 eBTC as collateral into the Curvance decentralized lending protocol. Using that collateral, the attacker borrowed 11.29 WBTC, bridged the borrowed assets to Ethereum, swapped them for ETH, and sent about 385 ETH into Tornado Cash.
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