THORChain halts trading and stops signing after a suspected cross-chain exploit involving about $10 million in stolen funds. According to blockchain researchers cited by reporting outlets, the incident includes withdrawals or drains across multiple networks, including Bitcoin, Ethereum, Binance Smart Chain (BSC), and Base. One outlet reports the amount at roughly $10.8 million, while another characterizes it as around $10 million. After the suspected breach is identified, THORChain pauses operations to contain risk while the protocol investigates the incident. In the market, the RUNE token declines sharply, with one report describing a drop of about 12% shortly after the halt. Both outlets frame the event as an exploit that affects THORChain’s cross-chain liquidity functionality, prompting immediate protective actions by the protocol and a trading halt. Details on the attacker or the specific mechanics of the exploit are not provided in the excerpts, and the reports focus on the protocol response, the affected networks, and the resulting market reaction.
THORChain halts trading after suspected $10 million cross-chain exploit; RUNE drops
THORChain halts trading and stops signing after a suspected cross-chain exploit involving about $10 million in stolen funds. According to blockchain researchers cited by reporting outlets, the inciden...
- THORChain suspends trading and related protocol activity after a suspected cross-chain exploit.
- The suspected breach involves roughly $10 million in losses, with one estimate around $10.8 million.
- Funds are reported as drained across multiple networks, including Bitcoin, Ethereum, BSC, and Base.
- RUNE token price drops in the aftermath of the exploit and trading halt.
- Blockchain researchers identify the suspected breach before the protocol’s pause.
The liquidity protocol halted operations after blockchain researchers identified a suspected $10 million breach across multiple networks.
3 months agoThe cross-chain liquidity protocol paused all trading and signing on Friday after an attacker drained roughly $10.8 million across Bitcoin, Ethereum, BSC, and Base.
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