Echo Protocol
ECHOBitcoin Liquid Re-staking • Yield Infrastructure
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Project Overview
Echo is a multifaceted protocol specializing in bridging, restaking, and decentralized finance (DeFi), seamlessly interoperating within the Move ecosystem. Its mission is to enhance BTC liquidity and introduce innovative restaking solutions for BTC assets within Move.
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.
Echo Protocol confirms security incident on Monad cross-chain bridge, cross-chain transactions suspended
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
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.
Binance will remove 19 non-compliant tokens on May 14, 2026
According to an official announcement, based on a recent review, the following tokens do not meet the Binance Alpha standards and will be removed from the selected list on May 14, 2026 at 06:00 (UTC): PRAI, COMMON, PINGPONG, TAKER, JANITOR, GATA, KLINK, CORL, SWTCH, ARIAIP, LONG, ZKWASM, GORILLA, ECHO, LITKEY, FIR, GM, DELABS, DONKEY, WHY. After removal, users can still withdraw or sell these tokens through Binance Alpha or the Binance wallet.
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.
Binance will remove 19 non-compliant tokens on May 14, 2026
According to an official announcement, based on a recent review, the following tokens do not meet the Binance Alpha standards and will be removed from the selected list on May 14, 2026 at 06:00 (UTC): PRAI, COMMON, PINGPONG, TAKER, JANITOR, GATA, KLINK, CORL, SWTCH, ARIAIP, LONG, ZKWASM, GORILLA, ECHO, LITKEY, FIR, GM, DELABS, DONKEY, WHY. After removal, users can still withdraw or sell these tokens through Binance Alpha or the Binance wallet.
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.
Echo Protocol confirms security incident on Monad cross-chain bridge, cross-chain transactions suspended
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
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: Aptos service has been fully restored; contract audit revealed no potential risks.
According to an official announcement, Echo Protocol stated that its services on Aptos have been fully restored, covering lending, strategies, liquid staking, vaults, and other related protocols. Echo Protocol added that it has completed a security audit of all contracts deployed on Aptos—including checks of administrative privileges—and found no potential contract-related risks.
Echo Protocol confirms security incident on Monad cross-chain bridge, cross-chain transactions suspended
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
Related news
Echo Protocol: Aptos service has been fully restored; contract audit revealed no potential risks.
According to an official announcement, Echo Protocol stated that its services on Aptos have been fully restored, covering lending, strategies, liquid staking, vaults, and other related protocols. Echo Protocol added that it has completed a security audit of all contracts deployed on Aptos—including checks of administrative privileges—and found no potential contract-related risks.
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.
Echo Protocol confirms security incident on Monad cross-chain bridge, cross-chain transactions suspended
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
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.