Echo Protocol suspends cross-chain transactions after $76.7M exploit

Echo Protocol, a Monad (MON)-based Bitcoin liquidity project, announced on X that it has temporarily suspended all cross-chain transactions while it investigates a security incident on its bridge. The team added that it plans to promptly share further details through official channels as they become available. The announcement follows a report from Onchain Lens estimating that Echo Protocol had suffered a $76.7 million exploit.