Echo Protocol: Official uBTC wallet containing over $266 million under attack, all withdrawal operations will be suspended

BlockBeats News: On June 14th, Echo Protocol, a Bitcoin liquidity re staking and revenue layer official, announced that its wallet containing 2515.648579 uBTC (currently valued at over $266 million) has been subjected to a highly complex supply chain attack and has been maliciously hacked. The team has initiated an emergency investigation and will release a retrospective report on the incident as soon as possible. At present, the collateral ratio of the platform's treasury has dropped to 20%. To ensure system security, all withdrawal operations will be suspended from midnight Eastern Time. Echo Protocol stated that it is working closely with auditing agencies and security experts to handle this incident, and will announce a reward plan later to encourage informants to assist in tracking the stolen assets.