Echo Protocol: Team Successfully Regained Control of Admin Keys and Destroyed Remaining 955 eBTC Held by Attacker

Odaily Planet Daily reported that Echo Protocol posted on the X platform, stating it had discovered unauthorized activity involving eBTC on the Monad network, leading to unauthorized minting and related fund losses. The investigation indicates that the incident stemmed from a compromised admin key affecting the Monad deployment. According to current investigation results, approximately $816,000 worth of funds on the Monad network are affected. The Monad network itself remains unaffected and is operating normally.

Since detecting the incident, Echo Protocol has been actively investigating potential cross-chain risk exposures, coordinating with ecosystem partners, and implementing additional preventive measures. The team has successfully regained control of the admin keys and destroyed the remaining 955 eBTC held by the attacker.

Previously, Echo Protocol confirmed a security incident on the Monad bridge, and cross-chain transactions have been suspended.