According to Onchain Lens, the Bitcoin-focused DeFi protocol Echo suffered an exploit on Monday at 5:55 p.m. ET targeting its eBTC token on Monad. The attacker minted 1,000 eBTC and deposited 45 eBTC to lending protocol Curvance as collateral to borrow 11.29 WBTC, worth approximately $867,700. The e

According to Monad co-founder Keone Hon, the Monad network remained unaffected and operational on May 19, while security researchers investigated an Echo Protocol eBTC vulnerability. The vulnerability resulted in approximately $816,000

According to Bloomberg, Hon Hai Precision Industry, also known as Foxconn, reported first-quarter net income rose 19% year-on-year to NT$49.9 billion (US$1.6 billion), driven by sustained AI server demand. Quarterly sales jumped 30% to approximately NT$2.1 trillion (US$66.6 billion). The company

According to Bloomberg, Hon Hai Precision Industry reported on May 5 that April revenue rose 29.7% year-on-year to NT$832.1 billion (US$26.3 billion), driven by strong spending on AI hardware. The Taiwanese electronics manufacturer assembles servers using Nvidia accelerators and expects second

Gate News message, April 28 — Monad co-founder Keone Hon issued a statement clarifying that the project's official X account was frozen without warning, which the team believes is likely a misclassification. Hon stated that Monad has not engaged in any abnormal operations and has been using API

Keone Hon suggests that pooled lending protocols should implement gradual rate limits on collateral asset increases to mitigate risks during hacks. He argues this could have prevented significant losses, as seen with rsETH depositors.

Gate News, April 7, Monad co-founder Keone Hon posted a call urging DeFi protocol operators to immediately use dedicated signing computers to perform multisig wallet operations and stop using everyday computers. Keone Hon pointed out that everyday computers are highly susceptible to compromise; once controlled, even if a hardware wallet is connected, the signing process may still be maliciously altered, creating serious security risks. In addition, the Monad Foundation may in the future introduce incentive mechanisms to encourage the team to adopt this security solution.

Monad co-founder Keone Hon posted a protocol security self-audit checklist on the X platform, covering 10 key areas including fund safety and management permissions. It includes items such as time locks, real-time monitoring, and multi-signature mechanisms, to improve protocol security.

Gate News: On March 19, Monad co-founder Keone Hon posted on Twitter stating that Monad mainnet will undergo a hard fork today at 22:30 Beijing time to upgrade to the MONAD_NINE version. This upgrade introduces three improvement proposals: MIP-3, MIP-4, and MIP-5. Before the hard fork, node operators need to upgrade to at least

Monad Co-founder Keone Hon posted on the X platform to refute the conspiracy theory that Jane Street is suppressing Bitcoin below $150,000, pointing out that the total market position aligns with the total supply of Bitcoin, and any party can decide to short to increase long positions.