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The Monad network was unaffected by the Echo security incident and is operating normally.

Panewslab • May 19, 2026

PANews reported on May 19th that Monad co-founder Keone Hon posted on the X platform that the Monad network was unaffected and operating normally, and security researchers are investigating the Echo Protocol's eBTC-related incident. Researchers have determined that the vulnerability resulted in the theft of approximately $816,000.

Previously, it was reported that Echo Protocol was attacked on the Monad chain, and the hackers minted 1,000 eBTC and withdrew the funds through Curvance .

The full story

This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

Echo Protocol Exploit Results in $76M Loss Due to Compromised Admin Key On May 19, 2026, Echo Protocol, a Bitcoin DeFi platform, suffered a significant exploit on the Monad blockchain, leading to the unauthorized minting of 1,000 eBTC valued at approximately $76 million. The breach was attributed to a compromised admin key, allowing the attacker to mint and subsequently launder around $816,000 through Tornado Cash. The hacker deposited 45 eBTC worth $3.45 million into the lending platform Curvance, borrowed 11.29 WBTC, and converted it to ETH. Echo Protocol confirmed that the Monad network itself was not compromised, and they have regained control of the admin keys and burnt the remaining eBTC held by the attacker. The incident has prompted Echo Protocol to suspend all cross-chain transactions and enhance security measures. The attack reflects ongoing vulnerabilities in DeFi protocols, particularly concerning centralized key management. 12 sources 68

The Monad network was unaffected by the Echo security incident and is operating normally.

The full story

Extracted Entities

Attack Types (1)

Companies (3)