260 million dollars hacked, the re-staking agreement is severely impacted!
Echo Protocol officially confirmed that its wallet holding 2515.6 u of Bitcoin suffered a highly complex supply chain attack, causing the platform's treasury collateral rate to plummet to 20%, and all withdrawals have been urgently suspended.
The team is collaborating with security agencies to investigate and will launch a reward mechanism to track the stolen assets.
Re-staking, is it an efficiency revolution or a risk black hole?
This incident once again reminds us: how to balance trust between the temptation of returns and protocol security? Will you still participate in liquidity re-staking? Let's discuss in the comments.