Echo Protocol's eBTC exploited for $77M in admin key compromise
Cointelegraph
Echo Protocol suffered a $76.7 million exploit on the Monad blockchain due to an admin private key compromise.Summary
Echo Protocol, a DeFi platform on the Monad blockchain, lost approximately $76.7 million after an attacker minted 1,000 unauthorized eBTC tokens. Developers identified the root cause as an admin private key compromise, noting the contract lacked adequate security measures like multi-signature requirements or minting caps. While the attacker has laundered a portion of the funds through Tornado Cash, the majority of the assets remain in the hacker's possession.
(Source：Cointelegraph)