Echo Protocol regains private key control, burns 955 eBTC after hack

Echo Protocol, a Monad (MON)-based DeFi project that suffered a hack today, announced on X that it has regained control of the compromised private key. The project stated that a key related to eBTC on the Monad network was stolen this morning, leading to unauthorized minting and a loss of funds. After collaborating with ecosystem partners to restore access, the team burned the remaining 955 eBTC held by the attacker. Earlier, blockchain security firm Beosin had analyzed that the incident was caused by a private key leak.