BlockBeats News, June 15, as a key infrastructure protocol built on the Bitcoin (BTC) ecosystem, Echo Protocol announced today that its official X account (@EchoProtocol_) has been successfully recovered this morning. The account is now fully operational, and the team has regained complete control.Echo Protocol is a protocol designed to advance the development of decentralized applications within the Bitcoin ecosystem, aiming to provide critical infrastructure for BTC by enabling smart contract scalability and cross-asset interoperability. Amid the deepening integration of Web3 and Bitcoin, Echo is regarded as a significant innovation in this field.According to the Echo team, their official account was compromised yesterday by an unknown attacker who briefly took control, posting unrelated false information and suspicious links that attracted widespread attention within the community. In response, the team immediately initiated an emergency protocol, collaborating with the X platform to successfully regain account control today.Echo Protocol stated that this incident only affected the community platform account, while the protocol itself has been operating normally. All user funds and data remain entirely secure and unaffected, with no abnormalities detected in the platform's contracts. Users can continue to use the platform with confidence.The team further declared that they will persist in investigating the source of the breach and consider taking legal actions as necessary. Additionally, Echo Protocol has promptly strengthened internal account security measures and urged community members to remain vigilant about cybersecurity, avoiding any suspicious links or unauthorized actions.
PANews reported on June 15 that according to @ai_9684xtpa’s analysis, the flash crash of ZKJ and KOGE tonight may be a long-planned harvesting operation. The three main addresses targeted the huge trading volume and liquidity of the two tokens in the context of Binance Alpha. Tonight, through the dual pressure of "large withdrawal of liquidity + continuous selling", ZKJ and KOGE collapsed one after another, and no one was spared. 1. Address 0x1A2...2759920:28:21 and 20:33:15 withdrew 61130 KOGE (about 3.76 million USD) and 273017 ZKJ (about 532,000 USD) of bilateral liquidity in two batches 20:28:58 - 20:36:57 During this period, 45,470 KOGE were exchanged for ZKJ, worth 3.796 million USD. During this period, the transaction volume on the KOGE chain increased significantly. 20:30:57 - 20:59:49 During this period, 1.573 million ZKJ were sold in batches in exchange for USDT and BNB, with a value of 3.052 million US dollars, and an average selling price of 1.94 US dollars At this time, both KOGE and ZKJ experienced a small step-down, but did not plummet. 2. Address 0x078...8bdE720:30:33 withdrew 33651 KOGE (about 2.07 million USD) and 709203 ZKJ (about 1.38 million USD) of bilateral liquidity 20:31:10 - 20:58:18 During this period, 36814 KOGE were exchanged for ZKJ, worth 2.26 million USD 20:35:15 - 20:37:34 During this period, 1 million ZKJ were sold, worth $1.948 million, with an average selling price of $1.948 The "relay dumping" of this address finally pushed the price of KOGE coin to fall rapidly, which is the several consecutive large negative lines on the K-line that everyone sees. 3. Address 0x6aD...e2EBb20:41:55 received 772759 ZKJ transferred from address 0x078...8bdE7 (the previous dumping address), with a value of 1.5 million US dollars 20:42:28 - 20:50:16 During this period, 772,000 ZKJ were cleared The third address is mainly used to cooperate, further catalyze the decline of ZKJ after the collapse of KOGE coin price, and complete the harvest of LPs and holders of the two tokens.
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