$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 compromised maliciously, leading the team to initiate an urgent investigation and commit to releasing a detailed report on the incident soon.

In response to the attack, the treasury collateral rate of the platform was reduced to 20%. To ensure the safety of the system, all withdrawal operations were suspended from midnight Eastern Time.