Echo Protocol Halts Withdrawals After Major Security Breach, $266 Million Lost

Echo Protocol has halted withdrawals following a significant security breach that led to the loss of over $266 million in cryptocurrency. The attack, which targeted the platform’s wallet on June 14, 2025, resulted in unauthorized access to 2,515.65 uBTC. The protocol has engaged external experts to investigate the incident and address the breach while suspending withdrawals. The company plans to publish a detailed review of the events soon.