Crypto Banter(@crypto_banter):Another day, another exploit. Echo Protocol on Monad got exploited. The attacker minted 1,000 eBTC out of thin air, deposited 45 eBTC as collateral into Curvance, borrowed 11.3 WBTC against that fake collateral. Then bridged the WBTC over to Ethereum, swapped it for roughly 385 ETH, and then dumped that into Tornado Cash to cover their tracks. The hacker is still sitting on 955 eBTC.

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Crypto Banter@crypto_banter

2026.05.19 05:29

Another day, another exploit. Echo Protocol on Monad got exploited. The attacker minted 1,000 eBTC out of thin air, deposited 45 eBTC as collateral into Curvance, borrowed 11.3 WBTC against that fake collateral. Then bridged the WBTC over to Ethereum, swapped it for roughly 385 ETH, and then dumped that into Tornado Cash to cover their tracks. The hacker is still sitting on 955 eBTC.