Earlier today, Echo Protocol identified unauthorized activity involving eBTC on Monad that resulted in unauthorized minting and associated fund loss. Our investigation indicates the issue originated from a compromised admin key affecting the Monad deployment. Based on current findings, approximately $816K was impacted on Monad. The Monad network itself was not impacted and continues to operate normally. Since detecting the incident, we have been actively investigating potential cross-chain exposure, coordinating with ecosystem partners, and implementing additional precautionary measures. We have successfully regained control of our admin keys and burnt the remaining 955 eBTC that was in the attacker’s possession.

We are currently investigating a security incident impacting the Echo bridge on Monad. All cross-chain transactions remain suspended while the investigation is underway. We will continue to provide timely updates through our official channels as more information becomes available.

As Elon Musk put it, “some of them have merit, but most of them are scams.” That is exactly why Bitcoin matters more. And beyond Bitcoin itself, the Bitcoin ecosystem is where real utility and real long-term value continue to be built.

Security is a shared challenge across every DeFi platform. We sincerely hope Aave, as a leading protocol in the lending space, can navigate through this difficult moment safely. Echo will also continue doing its part — contributing to the industry through our own technology and long-term commitment to safer infrastructure. Wishing strength to the Aave team and community.

The last cycle proved it: Markets don’t just price assets. They price narratives, ecosystems, and utility. That’s why Bitcoin dominance dropped from around 70% to near 40% during the 2021 bull market, as attention and liquidity spread across the wider crypto space. For BTC, holding is only the start. Utility is where the next layer of value gets built. ⚡️

Echo Protocol is building the next wave of ecosystem features. As we shape what comes next, we’d love to hear from the community: What would you most like to see from Echo in the next phase? More utility? More integrations? More BTCFi strategies? More ecosystem collaborations? Drop your thoughts below. 👇

Echo Protocol is entering its next phase. We’re actively building new ecosystem features to expand utility, deepen integration, and bring more value to the network. More is coming. Stay tuned. 🐾

Huge congratulations to the @AmnisFinance team on the $AMI listing on @krakenfx! 🚀 A major milestone not just for Amnis, but for the entire Aptos ecosystem. Excited to see more global users discover what you’re building. Onward and upward! 🌐

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Speed meets precision. ⚡️ Decibel is turning up the volume on Aptos — the perp DEX built for traders who move fast and think faster. Zero hesitation. Deep liquidity. Pure execution. Welcome Decibel.