THORChain suffers $10.8M hack, RUNE token drops 15% amid paused trading and ongoing investigation

THORChain experienced a security breach that led to the theft of approximately $10.8 million across four blockchains, including Bitcoin, Ethereum, Binance Smart Chain, and Base. The incident caused the RUNE token to fall about 15%, hitting a two-week low before stabilizing. In response, THORChain paused trading and signing operations for over 12 hours, but has yet to release a detailed explanation or confirm the exploit method. Investigators have tracked the stolen funds to wallets holding significant amounts of ETH, BTC, and BNB, while monitoring continues for further developments.