Echo Protocol Begins Shutdown, Sets November 19 Deadline for Loan Repayments

TL;DR: Cessation of deposits and loans: The platform halted the admission of new deposits, loans, and liquid staking services on October 19, 2026, at 00:00 UTC. Repayment deadline: Borrowers must settle their outstanding debts before November 19, 2026, at 23:59 UTC to avoid collateral liquidation. Previous security incident: In May 2026, the platform experienced a breach that resulted in the unauthorized minting of $816,000 in eBTC tokens. After nearly two years of activity in the cryptocurrency market , the decentralized finance project Echo Protocol announced the gradual and permanent cessation of its operations. Management communicated the immediate freeze on new deposits into its vaults, as well as the suspension of loan requests and liquid staking derivative (LSD) programs.

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