Echo Protocol: There are more than 266 million dollars uBTC official wallet attacked, will suspend all withdrawal operations

Bitcoin liquidity re-pledge and income layer Echo Protocol officials said that today its wallet with 2515.648579 uBTC (currently valued at over $266 million) suffered a highly sophisticated supply chain attack and has been maliciously hacked. The team has launched an urgent investigation and will issue a review report of the incident as soon as possible. At present, the collateral rate of the platform's vault has been reduced to 20%. To ensure the security of the system, all withdrawal operations will be suspended from midnight EST. Echo Protocol said it is working closely with auditors and security experts to deal with the incident, and will announce a reward program at a later date to encourage those in the know to assist in tracking down stolen assets