Echo Protocol Account Compromised: $266 Million Stolen

On June 14, 2025, Echo Protocol suffered a significant security breach, impacting its X account and leading to a loss of over $266 million from its treasury. The attack, attributed to a sophisticated supply chain attack, compromised the protocol’s main wallet holding 2,515.648579 uBTC. Echo Protocol has suspended withdrawals while taking immediate steps to recover the stolen funds, including collaborating with X and launching a bounty program. Their team is actively engaged in addressing the security breach through expert input, and a detailed post-mortem analysis is planned for release soon.