by: xpoolPosted on:

Echo Protocol Halts Withdrawals After $266 Million Security Breach

In a significant security breach, the Echo Protocol suffered a loss of over $266 million in uBTC following an advanced supply chain attack on June 14, 2025. The incident, resulting in the theft of 2,515.65 uBTC, has prompted the suspension of withdrawals as the protocol seeks to stabilize its assets. Echo Protocol’s collateral ratio now stands at 20%, raising concerns about potential financial vulnerabilities.

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