Echo Protocol suffered an attack on the Monad chain; hackers minted 1,000 eBTC and withdrew the funds via Curvance.

CoinFeed reported on May 19th that, according to Onchain Lens monitoring, Echo Protocol suffered an attack on the Monad chain. The attacker minted 1000 eBTC ($76.7 million) and withdrew funds from Curvance using a previously tested attack path. The attacker has now deposited 45 eBTC ($3.45 million) into Curvance as collateral, borrowed approximately 11.29 WBTC ($867,700), crossed the chain to Ethereum, exchanged them for ETH, and sent 385 ETH ($818,000) to TornadoCash. The attacker still controls a large portion of the minted eBTC.