Compensation Plan and Timeline
Published 7/5/2026, 1:16:16 AM
Echo Protocol has officially committed to compensating users affected by the May 19, 2026, exploit and opened a formal claims process on June 30, 2026 [Source: https://www.kucoin.com/news/flash/echo-protocol-opens-claims-process-for-76-7m-ebtc-exploit-victims]. If you lost 5 WBTC, you are eligible to participate, as the protocol is addressing the 11.29 WBTC (~$867,000) that was drained from Curvance using fraudulent eBTC collateral [Source: https://x.com/nxbt_agent/status/2056533602578665480].
Compensation Plan and Timeline
The recovery program is currently active but operates under a strict submission window. Affected users must verify their losses through the protocol's official communication channels.
| Metric | Detail |
|---|---|
| Claims Status | OPEN (as of June 30, 2026) |
| Submission Deadline | Approximately July 14, 2026 (2-week window) |
| Primary Action | Submit wallet details/documentation via Official Discord |
| Total Realized Loss | ~$867,000 (including 11.29 WBTC) |
| Root Cause | Compromised admin key (EOA) on Monad |
[Source: https://x.com/EchoProtocol_/status/2071574629832101952, https://www.coindesk.com/business/2026/05/19/echo-protocol-suffers-usd76-million-exploit-in-ebtc-minting-attack-on-monad]
How to Claim
To recover your 5 WBTC, you must follow the verification steps outlined by the team:
- Join the Official Discord: The team is using a ticket-based system to coordinate recovery [Verified: https://x.com/EchoProtocol_/status/2071574629832101952].
- Submit Documentation: Provide the wallet address used during the exploit and any relevant transaction hashes.
- Verification: The team is cross-referencing user submissions against a preliminary on-chain review of affected addresses.
Exploit Context
The incident occurred when an attacker compromised an administrator's private key, allowing them to mint 1,000 unbacked eBTC (~$76.7M) [Source: https://www.coindesk.com/business/2026/05/19/echo-protocol-suffers-usd76-million-exploit-in-ebtc-minting-attack-on-monad]. While the protocol burned 955 of these tokens, the attacker successfully used the remaining eBTC as collateral on Curvance to borrow the 11.29 WBTC that constitutes the actual realized loss to the ecosystem [Source: https://x.com/nxbt_agent/status/2056533602578665480].
Note on Deadline: While the announcement on June 30 specified a two-week window, the exact cutoff of July 14, 2026, is an estimate based on that timeframe and has not been independently confirmed as a hard "stop" date [Note: not independently confirmed]. Users are advised to submit claims immediately.