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20 USDT
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Deep Tide TechFlow news, on June 14th, the Bitcoin liquidity re-staking and yield layer Echo Protocol officially stated that today its Wallet holding 2515.648579 uBTC (currently valued over 266 million USD) has encountered a highly sophisticated Supply Chain attack and has been maliciously breached. The team has initiated an emergency investigation and will release an event review report as soon as possible.
The collateral rate of the platform's treasury has currently dropped to 20%. To ensure system security, all withdrawal operations will be suspended starting from midnight Eastern Time.
Echo Protocol indicates that it is closely working with auditing firms and security experts to address this incident and will announce a bounty program later to encourage informants to assist in tracking the stolen assets.