Echo Protocol: $76M eBTC Minted on Monad Chain

Echo Protocol on the MONAD chain faced an uncollateralized minting attack that produced 1,000 eBTC tokens valued at $76.45 million. Low liquidity blocked conversion into other assets, capping the hacker's realized gain at just $860,000. The incident fits the pattern of recent DeFi uncollateralized minting exploits and supplies fresh Monad chain eBTC minting attack details for analysts tracking Bitcoin derivatives on emerging chains.