A DeFi attacker pulled off what looked like one of the year's biggest heists, then watched the payout shrink to chump change.
On Tuesday, Echo Protocol confirmed that a hacker had used a compromised administrative key to mint roughly 1,000 unauthorized eBTC tokens on the Monad blockchain, a stash with a paper value of about $77 million. For a few hours that number ricocheted around crypto Twitter as the next mega exploit of 2026, following a year that has already seen more than a billion dollars vanish from DeFi protocols. Then the on-chain reality set in. The Monad eBTC market simply did not have enough liquid...
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