🚨 Monad Got Exploited For $76M In eBTC Through Echo Protocol The address "0x6a0109d3c5ab56277096c75e8f5d1d1d45243415" is the hacker’s wallet Here’s the step-by-step flow: 1⃣ The attacker compromised an admin private key for Echo’s eBTC contract on Monad (likely due to poor key management using a single EOA instead of a multisig) 2⃣ They minted 1,000 fake/unbacked eBTC tokens (nominal value: ~$76.7M at current prices) 3⃣ They deposited 45 eBTC (~$3.45M) as collateral into Curvance, a lending protocol on Monad 4⃣ They borrowed ~11.29 WBTC (~$821K–$867K depending on the price at the time) 5⃣ They bridged the WBTC to Ethereum 6⃣ They swapped it into ETH 7⃣ They sent ~384–385 ETH (~$818K–$821K) to Tornado Cash to launder the funds The hacker still controls the remaining ~955 eBTC (most of the minted supply) Immediate aftermath: - Echo Protocol paused its cross-chain bridge and is investigating the incident - Curvance froze the eBTC market to protect other users - eBTC holders have been diluted because the newly minted tokens are unbacked, and lenders on Curvance may face bad debt