eBTC
Coverage of eBTC in the Nexus archive.
- Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
Echo Protocol's Monad deployment was exploited due to a compromised admin key, resulting in unauthorized eBTC minting worth $76M. The exploit highlights a significant security vulnerability in the Bitcoin DeFi platform. Echo Protocol acknowledged the issue and its cause.
- Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad
Echo Protocol suffered a $76 million exploit in an eBTC minting attack on Monad, resulting in significant financial losses. The attack highlights vulnerabilities in the protocol's security measures. The incident is under investigation.
- Echo Protocol's eBTC exploited for $77M in admin key compromise
The Echo Protocol's eBTC has been exploited for $77M due to an admin key compromise, with the hacker laundering nearly 5% of the loot and still holding 955 eBTC. The exploit resulted in a significant financial loss. The hacker utilized Tornado Cash for laundering.
- BTCFi protocol Echo exploited, targeting eBTC market on Monad: onchain analysts
The BTCFi protocol Echo was exploited, resulting in the minting of 1,000 eBTC on Monad, which was used as collateral to borrow WBTC. This exploit targeted the eBTC market and was identified by onchain analysts. The incident highlights a security vulnerability in the protocol.