MONEcho Protocol $76M eBTC Exploit: Leverage Risk, Monad TVL Flight & Cross-Market Fallout
Echo Protocol's $76M admin-key exploit on Monad has left ~$73M in unbacked eBTC in attacker hands — leveraged MON longs face liquidation risk from TVL outflows, while the third major DeFi hack in four days elevates sector-wide risk premiums.