PANews reported on May 19th that Monad co-founder Keone Hon posted on the X platform that the Monad network was unaffected and operating normally, and security researchers are investigating the Echo Protocol's eBTC-related incident. Researchers have determined that the vulnerability resulted in the theft of approximately $816,000.

Previously, it was reported that Echo Protocol was attacked on the Monad chain, and the hackers minted 1,000 eBTC and withdrew the funds through Curvance .