Aug 24, 2026
Chainlink has extended its Proof of Reserve oracle service to provide onchain reserve data across Ethereum, Base, Monad, and Ink networks, as the crypto industry continues emphasizing asset verification following the 2022 FTX collapse.
Echo Protocol suffered a bridge exploit where an attacker minted 1,000 eBTC (worth approximately $76.64 million) on Monad using a compromised admin key, then used the fake eBTC to borrow real crypto assets. The protocol suspended all cross-chain transactions.