The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain

BTCFi protocol Echo was exploited, with the attacker minting 1,000 eBTC on Monad and using it as collateral to borrow WBTC.

The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain