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

OdailyOdaily reports that Echo Protocol posted on platform X, stating it discovered unauthorized activity involving eBTC on the Monad network, leading to unauthorized minting and related fund losses. Investigation indicates the incident stemmed from a compromised admin key affecting Monad's deployment. According to current findings, approximately $816,000 in funds on the Monad network are affected. The Monad network itself is unaffected and is operating normally.

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

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