Echo Protocol shuts down after failing to recover from $80M exploit @EchoProtocol_ ($ECHO), a BTC-focused DeFi platform, has announced its closure. The team couldn’t recover from the $80M hack. New deposits and loans are disabled, and interest accrual has stopped. What users should know: — Repaying debt, withdrawing assets and exiting positions is still possible — Borrowers must repay by mid-November, or collateral will be liquidated and proceeds used to repay lenders — The Aptos-to-B² bridge will keep running after the shutdown for aBTC withdrawals Check your positions and exit in time. #Echo #ECHO #DeFi #Bitcoin #BTC #Crypto #Web3 #Hack
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