Echo Protocol Halts Withdrawals After $266M Security Breach

The Echo Protocol suffered a significant security breach, resulting in a loss of approximately $266 million. The sophisticated attack has led to the suspension of withdrawals while the protocol investigates and works with security specialists to recover funds. 2,515.65 uBTC were compromised, according to an official statement from the protocol team. The team plans to launch a bounty program for asset recovery. )