$ADA According to Block Beats, the Echo Protocol, a platform for reinvesting Bitcoin liquidity and yield layers, reported a complex attack on its supply chain in its wallet containing 2,515.648579 micro Bitcoin, valued at over 266 million dollars. The wallet was maliciously compromised, prompting the team to initiate an urgent investigation and commit to issuing a detailed report on the incident soon.

In response to the attack, the platform's treasury collateral rate was reduced to 20%. To ensure the security of the system, all withdrawal operations were suspended starting at midnight, Eastern Time in the U.S.

The Echo Protocol is actively collaborating with auditing firms and security experts to address the situation. Additionally, the platform plans to announce a reward program to encourage individuals with information that helps trace the stolen assets. $BTC