by: xpoolPosted on:

Echo Protocol Halts Withdrawals After $266M Breach – DeFi Security Under Scrutiny

Echo Protocol has suspended withdrawals following a significant security breach that saw over $266 million in uBTC stolen. This attack, which targeted Echo Protocol’s supply chain and led to a collateral ratio drop of around 20%, underscores the vulnerabilities within decentralized finance (DeFi). Experts are calling for enhanced security measures across platforms.

Related posts:

  1. Echo Protocol Suffers Major Supply Chain Breach, Halts Withdrawals
  2. Echo Protocol Halts Withdrawals Following $266M Breach
  3. Echo Protocol Halts Withdrawals After Major Security Breach, $266 Million Lost
  4. Echo Protocol Halts Withdrawals After $266M Security Breach