โ ๏ธALERT: ANOTHER MAJOR HACK STRIKES CRYPTO; $76M EXPLOIT HITS MONAD
Echo Protocol on Monad was reportedly exploited after an attacker minted 1,000 eBTC worth roughly $76.6M, as per Lookonchain.
The hacker allegedly used part of the funds as collateral on Curvance to borrow WBTC, bridged assets to Ethereum, swapped them into ETH, and routed roughly 385 ETH through Tornado Cash.
The attacker still reportedly controls around 955 eBTC worth over $73M.
This now marks the THIRD major crypto exploit in just 4 days!