Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad
The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain
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The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain
The partnership underscores both the rapid growth of equity perpetuals in onchain markets and Nasdaq’s broader strategy to support tokenized equity trading infrastructure.
CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.
Bitcoin has fallen about 6% from $82,000 to $76,800, and underlying data point to the drop being more than a routine pullback.
The former Alt5 Sigma marked its 7.28 billion WLFI tokens at $706 million, down from a roughly $1.46 billion cost basis, while disclosing that the holdings remain locked amid liquidity concerns.