Echo Protocol suffers an attack, with hackers minting 1000 eBTC and transferring some of the funds to Tornado Cash

2026.05.19 08:02:18

According to PeckShield’s monitoring, the Echo Protocol on Monad was hacked on May 19th. The attacker minted 1000 eBTC (roughly $76.7 million), deposited 45 eBTC (worth around $3.45 million) into Curvance using a standard, well-tested process. They then used that deposit as collateral to borrow approximately 11.29 WBTC (about $867,700), bridged the WBTC to the Ethereum network, swapped it for ETH, and finally transferred 384 ETH (valued at roughly $821,700) to Tornado Cash.

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