Echo exploit $76.7M loss + Kraken Fed access #Shorts

Added: 2026-05-27

[00:00:00]Crypto is trading on its own tonight.

[00:00:02]Broad weakness is building inside a market that still looks compressed, selective, and one shock away from exposing where the real structural fragility sits.

[00:00:15]Echo protocol's Monad exploit minted roughly 76.7 million dollars in unauthorized eBTC and quickly turned into direct credit risk for Curvance.

[00:00:29]A Trump order has put direct Federal Reserve payment access back on the table with Kraken's Wyoming bank back at the center of the debate. After a physical attack on a Kraken and Coinbase user, about 5.3 million dollars was routed through Tornado Cash, shifting a street crime into an on-chain laundering case.

[00:00:54]Full breakdown tonight on the Coin Daily on YouTube.