Echo Protocol Regains Control of Admin Key, Destroys 955 eBTC After Unauthorized Activity on Monad

ECHO-10.63%
MON1.9%
According to Echo Protocol's X statement, the team has successfully regained control of the compromised admin key and destroyed the remaining 955 eBTC held by attackers following unauthorized minting activity on the Monad network. The incident, caused by a compromised admin key on Monad, resulted in approximately $816,000 in affected funds. The Monad network itself remains unaffected and operating normally. Echo Protocol has been investigating cross-chain risk exposure and coordinating with ecosystem partners to implement additional preventive measures.
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