💥🚨🔥 Echo Protocol Crushed — $76.7M eBTC Exploit Rocks Monad Blockchain!
🔹 Hacker compromised admin key and minted 1,000 fake eBTC ($76.7M) out of thin air — single-key failure strikes again! 🗝️💸🎯
🔹 Used fake eBTC as collateral on Curvance to borrow 11.3 real WBTC ($867K) — protocol got played hard 🧠⚡💀
🔹 Bridged WBTC to Ethereum, swapped for 385 ETH ($820K), then disappeared into Tornado Cash mixer 🌪️👻🔒
Echo regained control and burned remaining 955 fake tokens, but $820K already gone forever. This is why multisig matters! 🛡️🔥
DeFi safety check: Does YOUR protocol use single admin keys? 👀⚠️
#DeFi #Crypto #Monad
@money
🔹 Hacker compromised admin key and minted 1,000 fake eBTC ($76.7M) out of thin air — single-key failure strikes again! 🗝️💸🎯
🔹 Used fake eBTC as collateral on Curvance to borrow 11.3 real WBTC ($867K) — protocol got played hard 🧠⚡💀
🔹 Bridged WBTC to Ethereum, swapped for 385 ETH ($820K), then disappeared into Tornado Cash mixer 🌪️👻🔒
Echo regained control and burned remaining 955 fake tokens, but $820K already gone forever. This is why multisig matters! 🛡️🔥
DeFi safety check: Does YOUR protocol use single admin keys? 👀⚠️
#DeFi #Crypto #Monad
@money
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