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Monad Co-founder: Security Incident with Echo Protocol Noticed, Monad Network Unaffected

2026-05-19 00:05

Odaily Planet Daily News: Monad co-founder Keone Hon posted on platform X, stating that the team has noticed the security incident related to Echo Protocol's eBTC. Security researchers are currently investigating the matter. The Monad network itself has not been affected and is operating normally.

Additionally, a preliminary review by security researchers has determined that this exploit targeting Echo Protocol's eBTC has resulted in approximately $816,000 in assets being stolen.