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Echo Protocol suffers $816K loss from admin key breach on Monad, halts bridge functions for security review

Market News
19 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Echo Protocol experienced a security breach due to a compromised admin key on its Monad network, resulting in unauthorized minting of eBTC and losses of about $816,000. The team quickly regained control of the admin key and burned 955 eBTC held by the attacker to prevent further damage. While the Aptos network was not directly compromised, limited exposure of $71,000 was found in lending and liquidity pools, prompting precautionary pauses of cross-chain bridge functions and contract upgrades. A full security review is ongoing, with users warned to avoid unofficial channels and await official updates.

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