Echo Protocol on Monad chain exploited for $76.64M as hacker minted 1000 eBTC, deposited into Curvance, and laundered 385 ETH via Tornado Cash.

According to PeckShieldAlert, the Phemex hacker's labeled address has moved 24,000 AVAX, approximately valued at $600,000, to a new address 0xb442...3f2d. This activity follows the January exploit where the hacker stole over $70 million in cryptocurrencies from the Phemex exchange. Such movements could indicate attempts to obfuscate the origin of the funds, impacting AVAX's market liquidity and trader sentiment.