Monad-based EchoProtocol suspected in $76.7M hack

The Monad (MON)-based EchoProtocol is suspected of having been hit by an exploit attack, Onchain Lens reported. A hacker allegedly minted 1,000 eBTC, worth approximately $76.7 million. The funds were reportedly stolen through the multi-chain decentralized finance protocol Curvance, using a previously tested exploit method. So far, the attacker is known to have deposited 45 eBTC as collateral to borrow about 11.29 WBTC. The stolen funds were then moved to the Ethereum network and exchanged for ETH. Additionally, 385 ETH has been transferred to Tornado Cash.