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Echo Protocol's Monad Deployment Hit by $76M eBTC Exploit; Attackers Mint 1,000 Unauthorized Tokens

GateNews

Security Incidents

2026-05-19 11:17:54

ECHO-12.08%

MON-1.29%

WBTC0.27%

ETH-1.09%

According to Decrypt, on May 19, Echo Protocol's Monad blockchain deployment was exploited after attackers minted 1,000 unauthorized eBTC worth approximately $76.7 million using a compromised admin key. The attacker then deposited 45 eBTC into Curvance, borrowed approximately 11.29 WBTC ($867,700) as collateral, bridged the WBTC to Ethereum, and sent around 384 ETH (~$821,700) to Tornado Cash. Echo Protocol confirmed the breach in a statement on Tuesday, noting its investigation "indicates the issue originated from a compromised admin key affecting the Monad deployment." Based on current findings, approximately $816,000 was impacted on Monad. The team said it has "successfully regained control of our admin keys and burnt the remaining 955 eBTC" and paused cross-chain functionality while upgrading relevant contracts. The Monad network itself was not impacted and continues to operate normally.

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Echo Protocol Suffers $76.7 Million eBTC Exploit on Monad via Compromised Admin Key

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Echo Protocol Hit by $76M eBTC Minting Exploit on Tuesday, Admin Key Compromised

Echo Protocol's eBTC Exploited on Monad, Attacker Borrows $867,700 in WBTC on Monday

In-Depth Analysis

Echo Protocol Exploit: $76.7M eBTC Minting Incident on Monad

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Echo Protocol $77M eBTC Exploit Traced to Admin Key Compromise

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Echo Protocol Exploited for $77M; Crypto Funds See $1B Outflows

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