#defi protocol

DeFi protocol Echo Protocol, which runs on the Monad blockchain, was compromised when an attacker minted around 1,000 eBTC without authorization. On Tuesday, the hacker created 1,000 synthetic Bitcoin (eBTC) with a value of around $76.7 million; both Lookonchain and analytics platform and blockchain security company PeckShield reported this. Echo Protocol said on Tuesday: “We

The S&P credit rating for Sky Protocol could pave the way for increased institutional investment in DeFi, despite inherent risks. The post Sky ecosystem becomes first DeFi protocol to receive an S&P credit rating appeared first on Crypto Briefing.