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🕵️ Exploit Alert

According to reports, Echo Protocol on Monad has been exploited.

The attacker reportedly minted 1,000 $eBTC worth $76.7M and used a previously tested exploit flow to extract funds through Curvance.

So far, the exploiter has:

• Deposited 45 $eBTC ($3.45M) into Curvance as collateral 
• Borrowed ~11.29 $WBTC ($867.7K) against it 
• Bridged the $WBTC to Ethereum 
• Swapped the funds into $ETH 
• Sent 385 $ETH (~$818K) to TornadoCash 

The attacker still appears to control a significant amount of minted $eBTC. #hack

Exploit Alert. According to reports, Echo Protocol on Monad has been exploited.