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Project Overview
eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by Lido's stETH and powered by immutable smart contracts with minimized counterparty reliance. It is designed to be the most decentralized synthetic Bitcoin in DeFi and offers the ability for anyone in the world to borrow BTC at no cost.
Echo Protocol: Management key control has been regained, and the attacker’s remaining 955 eBTC have been destroyed.
Echo Protocol announced that the team has now regained control of the administrative keys and destroyed the remaining 955 eBTC held by the attacker. Additionally, the current exposure on Aptos is limited to approximately $71,000 in the Echo lending market and the Hyperion liquidity pool, and the team has observed no fund losses on Aptos. As a precautionary measure, the team has fully suspended Aptos bridge operations while the review remains ongoing. Echo Aptos Lending remains unaffected but has been paused for security reasons.
Curvance: Anomaly detected in Echo eBTC market, related market has been suspended
Curvance posted on platform X, stating that at approximately 6:00 PM EST today (Beijing time), it noticed an anomaly in the Echo eBTC market on the Curvance platform. Currently, there are no indications that the Curvance smart contract has been attacked or compromised. Due to its fully isolated market architecture, other markets remain unaffected. As a precautionary measure, the team has suspended the affected market and is investigating the cause of the incident together with ecosystem partners. Further updates will be announced as more information becomes available.
Monad Co-Founder: Security Incident Involving Echo Protocol Noted, Monad Network Unaffected
Odaily Odaily News Monad co-founder Keone Hon posted on the X platform, stating that the team has noted a security incident related to eBTC on EchoProtocol. Security researchers are currently investigating the matter. The Monad network itself has not been affected and is operating normally.Additionally, a preliminary review by security researchers determined that this exploit targeting EchoProtocol's eBTC has resulted in the theft of approximately $816,000 in assets.
PeckShield: EchoProtocol Hacked on Monad, ~$820,000 Drained to Tornado Cash
According to on-chain analyst PeckShield (@PeckShieldAlert), Echo Protocol was hacked on Monad. The attacker minted 1,000 $eBTC out of thin air (valued at approximately $76.7 million), then deposited 45 $eBTC (approximately $3.45 million) into Curvance and used it as collateral to borrow roughly 11.29 $WBTC (approximately $867,700). The attacker subsequently bridged the $WBTC cross-chain to Ethereum, swapped it for $ETH, and laundered 384 ETH (approximately $821,700) via Tornado Cash.
Echo Protocol attacked, attacker mints 1000 eBTC and then withdraws funds via Curvance
According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1000 eBTC, worth $76.7 million, and withdrew the funds through Curvance via a previously tested attack path.As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700; the attacker then cross-chained this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH (worth approximately $818,000) to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.
Echo Protocol: Management key control has been regained, and the attacker’s remaining 955 eBTC have been destroyed.
Echo Protocol announced that the team has now regained control of the administrative keys and destroyed the remaining 955 eBTC held by the attacker. Additionally, the current exposure on Aptos is limited to approximately $71,000 in the Echo lending market and the Hyperion liquidity pool, and the team has observed no fund losses on Aptos. As a precautionary measure, the team has fully suspended Aptos bridge operations while the review remains ongoing. Echo Aptos Lending remains unaffected but has been paused for security reasons.
Curvance: Anomaly detected in Echo eBTC market, related market has been suspended
Curvance posted on platform X, stating that at approximately 6:00 PM EST today (Beijing time), it noticed an anomaly in the Echo eBTC market on the Curvance platform. Currently, there are no indications that the Curvance smart contract has been attacked or compromised. Due to its fully isolated market architecture, other markets remain unaffected. As a precautionary measure, the team has suspended the affected market and is investigating the cause of the incident together with ecosystem partners. Further updates will be announced as more information becomes available.
Monad Co-Founder: Security Incident Involving Echo Protocol Noted, Monad Network Unaffected
Odaily Odaily News Monad co-founder Keone Hon posted on the X platform, stating that the team has noted a security incident related to eBTC on EchoProtocol. Security researchers are currently investigating the matter. The Monad network itself has not been affected and is operating normally.Additionally, a preliminary review by security researchers determined that this exploit targeting EchoProtocol's eBTC has resulted in the theft of approximately $816,000 in assets.
PeckShield: EchoProtocol Hacked on Monad, ~$820,000 Drained to Tornado Cash
According to on-chain analyst PeckShield (@PeckShieldAlert), Echo Protocol was hacked on Monad. The attacker minted 1,000 $eBTC out of thin air (valued at approximately $76.7 million), then deposited 45 $eBTC (approximately $3.45 million) into Curvance and used it as collateral to borrow roughly 11.29 $WBTC (approximately $867,700). The attacker subsequently bridged the $WBTC cross-chain to Ethereum, swapped it for $ETH, and laundered 384 ETH (approximately $821,700) via Tornado Cash.
Echo Protocol attacked, attacker mints 1000 eBTC and then withdraws funds via Curvance
According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1000 eBTC, worth $76.7 million, and withdrew the funds through Curvance via a previously tested attack path.As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700; the attacker then cross-chained this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH (worth approximately $818,000) to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.
Related news
Echo Protocol: Management key control has been regained, and the attacker’s remaining 955 eBTC have been destroyed.
Echo Protocol announced that the team has now regained control of the administrative keys and destroyed the remaining 955 eBTC held by the attacker. Additionally, the current exposure on Aptos is limited to approximately $71,000 in the Echo lending market and the Hyperion liquidity pool, and the team has observed no fund losses on Aptos. As a precautionary measure, the team has fully suspended Aptos bridge operations while the review remains ongoing. Echo Aptos Lending remains unaffected but has been paused for security reasons.
Curvance: Anomaly detected in Echo eBTC market, related market has been suspended
Curvance posted on platform X, stating that at approximately 6:00 PM EST today (Beijing time), it noticed an anomaly in the Echo eBTC market on the Curvance platform. Currently, there are no indications that the Curvance smart contract has been attacked or compromised. Due to its fully isolated market architecture, other markets remain unaffected. As a precautionary measure, the team has suspended the affected market and is investigating the cause of the incident together with ecosystem partners. Further updates will be announced as more information becomes available.
Monad Co-Founder: Security Incident Involving Echo Protocol Noted, Monad Network Unaffected
Odaily Odaily News Monad co-founder Keone Hon posted on the X platform, stating that the team has noted a security incident related to eBTC on EchoProtocol. Security researchers are currently investigating the matter. The Monad network itself has not been affected and is operating normally.Additionally, a preliminary review by security researchers determined that this exploit targeting EchoProtocol's eBTC has resulted in the theft of approximately $816,000 in assets.
PeckShield: EchoProtocol Hacked on Monad, ~$820,000 Drained to Tornado Cash
According to on-chain analyst PeckShield (@PeckShieldAlert), Echo Protocol was hacked on Monad. The attacker minted 1,000 $eBTC out of thin air (valued at approximately $76.7 million), then deposited 45 $eBTC (approximately $3.45 million) into Curvance and used it as collateral to borrow roughly 11.29 $WBTC (approximately $867,700). The attacker subsequently bridged the $WBTC cross-chain to Ethereum, swapped it for $ETH, and laundered 384 ETH (approximately $821,700) via Tornado Cash.
Echo Protocol attacked, attacker mints 1000 eBTC and then withdraws funds via Curvance
According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1000 eBTC, worth $76.7 million, and withdrew the funds through Curvance via a previously tested attack path.As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700; the attacker then cross-chained this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH (worth approximately $818,000) to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.
ether.fi: LayerZero Bridging Functionality for weETH and eETH to be Restored Within 24 Hours
Odaily News ether.fi posted on X platform stating that, following guidance from security partners, the LayerZero bridging functionality for weETH and eETH will be restored within the next 24 hours. ether.fi previously confirmed that its Liquid vault was not directly exposed to the Kelp rsETH incident risk, but as a precautionary measure, decided to suspend the LayerZero cross-chain bridging functionality for weETH and eETH until the root cause of the Kelp rsETH incident was clarified.Meanwhile, for the Liquid (ETH, BTC, USD), sETHFI, and eBTC products, the relevant Teller contracts have been suspended to block the LayerZero OFT bridging path. Deposit and withdrawal functions for the related assets have also been suspended accordingly. The team is currently working closely with security partners.