CoinVoice has recently learned that the Bitcoin liquidity re-staking and yield layer Echo Protocol officially stated that today its wallet holding 2515.648579 uBTC (currently valued at over 266 million USD) has suffered a highly complex supply chain attack and has been maliciously breached. The team has initiated an emergency investigation and will release an event review report as soon as possible.
The current collateral rate of the platform's treasury has dropped to 20%. To ensure system security, all withdrawal operations will be suspended starting at midnight Eastern Time.
Echo Protocol said it is working closely with auditors and security experts on the incident, and will announce a bounty program at a later date to encourage those in the know to help trace the stolen assets.
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CoinVoice has recently learned that the Bitcoin liquidity re-staking and yield layer Echo Protocol officially stated that today its wallet holding 2515.648579 uBTC (currently valued at over 266 million USD) has suffered a highly complex supply chain attack and has been maliciously breached. The team has initiated an emergency investigation and will release an event review report as soon as possible.
The current collateral rate of the platform's treasury has dropped to 20%. To ensure system security, all withdrawal operations will be suspended starting at midnight Eastern Time.
Echo Protocol said it is working closely with auditors and security experts on the incident, and will announce a bounty program at a later date to encourage those in the know to help trace the stolen assets.