Echo Protocol suffered an exploit on the Monad network, where an attacker minted 1,000 eBTC worth approximately $76.64 million. On-chain analyst dcfgod first flagged the incident, and security firm PeckShield mapped the attack. Curvance paused the affected market following the exploit, while Echo Protocol suspended all cross-chain transactions. The incident raises May's running tally of crypto hacks to 14, marking a significant security breach. The exploit highlights ongoing vulnerabilities in cross-chain protocols and the importance of rapid response mechanisms.

Key facts

• Attacker minted 1,000 eBTC worth ~$76.64 million on Monad.
• Echo Protocol and Curvance paused affected services post-exploit.
• May 2025 crypto hack tally reaches 14 incidents.
• PeckShield and dcfgod identified the exploit.
• Cross-chain security remains a critical vulnerability.