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Echo protocol hit by exploit as $73M in minted eBTC raises DeFi security alarm
May 19, 2026
< 1 min read
by Nellius Irene
for CryptoPolitan
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AI Overview
Bitcoin DeFi project Echo was exploited when a hacker minted 1,000 eBTC on Monad and collateralized 45 eBTC on Curvance to borrow 11.29 WBTC. The hack underscores DeFi security and protocol risk around token minting and collateralization, posing negative implications for adoption and market confidence.
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The Bitcoin DeFi project Echo fell victim to an exploit. The hacker minted 1k eBTC on Monad, and then collateralized 45 eBTC on Curvance to borrow 11.29 WBTC.
