ECHO PROTOCOL HACKED — FIRST MAJOR EXPLOIT ON THE MONAD ECOSYSTEM #DailyOrbit Echo Protocol has reportedly suffered an exploit involving around 384 $ETH (~$821K), marking the first major hack incident within the Monad ecosystem. The incident immediately drew attention across the market, especially as Monad is still in its early growth phase and has been viewed as one of the most promising upcoming Layer 1 ecosystems. Initial market impact: • User sentiment turning more cautious • Increased concerns over security risks in newer protocols • Potential slowdown in short-term capital inflows within the Monad ecosystem Once again, the event highlights a familiar reality in crypto: Fast-growing ecosystems often attract liquidity quickly, but smart contract and infrastructure risks remain highest during the early stages. Conclusion: While the exploit may not be massive in scale, its symbolic impact is significant, this becomes the first real “trust test” for the Monad ecosystem in front of the broader DeFi market. $BTC $ETH