Echo Protocol Attacked, Attacker Mints 1,000 eBTC and Withdraws Funds via Curvance

According to Onchain Lens monitoring, the Echo Protocol on Monad has been attacked. The attacker minted 1,000 eBTC, worth $76.7 million, and withdrew funds via Curvance using an attack path that had been previously tested.

As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700. Subsequently, the attacker bridged this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH, worth approximately $818,000, to Tornado Cash. The attacker currently still appears to control a large amount of the minted eBTC.