Echo Protocol faces suspected Monad exploit after 1K eBTC mint lets attacker max-borrow WBTC on Curvance
𝕏/@dcfgod •
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Promote with Leviathan NewsDCF 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
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