Echo Protocol faces suspected Monad exploit after 1K eBTC mint lets attacker max-borrow WBTC on Curvance

DCF GOD says Echo Protocol may have been hit on Monad after an address minted 1,000 eBTC, used it as collateral to max-borrow WBTC on Curvance, then bridged funds out and ran them through Tornado. The linked MonadScan transaction shows the 1,000 eBTC transfer starting the flow at 21:21 UTC on May 18, but there is no official Echo or Curvance confirmation in the fetched material yet. If the mint was unauthorized, this looks like a BTCFi collateral failure spilling across Echo and Curvance, not a generic bridge issue.

TLDR by @Benthic

More coverage

• $76.7M), holds ~955 eBTC; cross‑chain transfers suspended (whale-alert.io)
• Monad's Echo Protocol Drained for $76M in EBTC Minting Exploit (binance.com)
• Echo Protocol Lost 76 Million in an eBTC Minting Attack on Monad (phemex.com)
• Echo Protocol exploit rocked Monad – But was the $76M figure ... (ambcrypto.com)
• Echo Protocol Pauses Monad Bridge After Admin Key Breach ... (news.bitcoin.com)

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