- Echo Protocol witnessed a major security breach on Wednesday, as a compromised administrator key on its Monad deployment allowed attackers to mint 1,000 eBTC tokens.
- Exposure linked to Aptos-based liquidity pools and lending markets remained limited to roughly $71,000.
- ECHO price gave a decisive breakdown below the February 2026 low of $0.0055, accelerating the risk of a prolonged correction in the near-future.
Echo Protocol, a Bitcoin liquidity and yield aggregation platform, witnessed a sudden sell-off of 12% ahead of Wednesday’s U.S. market hours to trade at $0.0049. The primary catalyst behind this drop is a major security breach on the eBTC deployment of the Monad blockchain, where the attacker used a compromised administrator key to create 1,000 eBTC tokens. The team promptly halted cross-chain operations linked to Monad to contain the damage, and initiated a full audit of the incident and necessary bridge upgrade.
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