Echo Protocol Lost 76 Million in an eBTC Minting Attack on Monad
Source: Phemex
Published:
<p>Echo Protocol, a Bitcoin-DeFi platform built on the Monad chain, lost roughly $76.6 million in unbacked eBTC on May 19, 2026, after an attacker took over the admin role on the eBTC token contract and minted 1,000 fresh tokens out of thin air. The actual extracted value was around $816,000 in ETH