Echo Protocol, a Bitcoin DeFi platform, reported a hack that allowed unauthorized minting of $76 million in eBTC on its Monad deployment. The exploit stemmed from a compromised admin key. Some funds were traced to Tornado Cash, with 955 eBTC still held by the attacker.
Echo Protocol confirmed that a compromised admin key enabled the unauthorized minting of eBTC tokens. The incident occurred on the platform's Monad deployment, resulting in approximately $76 million in unauthorized assets.
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Humanity Protocol said hackers stole more than $36 million in H tokens by compromising an employee's laptop that held multiple bridge admin keys. The decentralized identity project has halted bridge activity and is working with law enforcement.
Jaredfromsubway.eth, a prominent Ethereum MEV bot, lost more than $7.5 million after approving attacker-controlled contracts that enabled an allowance drain. The incident occurred through a series of fake trading routes set up over several weeks. Security firm Blockaid identified the exploit as targeting the bot's automated approval logic rather than private keys or protocol flaws.
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Thorchain confirmed a suspected multichain exploit on May 15 that drained about $10 million from users across several networks. The protocol activated emergency halts and has now launched a recovery portal for affected wallets.
Security engineer Taylor Hornby used an AI model to identify a critical vulnerability in the Zcash cryptocurrency that had remained undetected since 2022. The flaw could have permitted unlimited creation of counterfeit tokens. Hornby has now added Monero to his list of planned audits.
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Hackers stole roughly $3.1 million in PUSD tokens from 11 user wallets on the prediction platform. The theft followed a phishing attack that exploited a compromised third-party vendor.
Ethereum core contributors are debating a protocol change that would allow validators to redirect a portion of their rewards to fund ecosystem development. The mechanism would cap the redirection at 10% and activate it network-wide if a majority supports it.
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Andrew Gault warns that bitcoin faces a greater quantum threat from encrypted messages moving between institutions than from exposed wallet keys. He points to a harvest-now-decrypt-later strategy already in use by adversaries.