PANews reported on June 14 that Echo Protocol, a Bitcoin liquidity re-staking and yield layer, previously posted on the X platform that its wallet holding 2515.648579 uBTC (currently valued atPANews reported on June 14 that Echo Protocol, a Bitcoin liquidity re-staking and yield layer, previously posted on the X platform that its wallet holding 2515.648579 uBTC (currently valued at

Echo Protocol’s official uBTC wallet worth over $266 million was hacked, false news

2025/06/14 19:54

PANews reported on June 14 that Echo Protocol, a Bitcoin liquidity re-staking and yield layer, previously posted on the X platform that its wallet holding 2515.648579 uBTC (currently valued at approximately $266,658,749.37 billion) had been maliciously hacked in a highly complex supply chain attack. The team has launched an emergency investigation and will release a review report on the incident as soon as possible. The current collateralization rate of the platform's vault has dropped to 20%. To ensure system security, all withdrawal operations will be suspended from midnight Eastern Time. Echo Protocol said it is working closely with audit agencies and security experts to handle the incident, and will announce a bounty plan later to encourage insiders to assist in tracking stolen assets.

It is reported that Echo officials have clarified that its X account has been stolen and the news that the official wallet has been hacked is false.

Market Opportunity
Echo Logo
Echo Price(ECHO)
$0.008284
$0.008284$0.008284
-1.08%
USD
Echo (ECHO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

FCA komt in 2026 met aangepaste cryptoregels voor Britse markt

De Britse financiële waakhond, de FCA, komt in 2026 met nieuwe regels speciaal voor crypto bedrijven. Wat direct opvalt: de toezichthouder laat enkele klassieke financiële verplichtingen los om beter aan te sluiten op de snelle en grillige wereld van digitale activa. Tegelijkertijd wordt er extra nadruk gelegd op digitale beveiliging,... Het bericht FCA komt in 2026 met aangepaste cryptoregels voor Britse markt verscheen het eerst op Blockchain Stories.
Share
Coinstats2025/09/18 00:33