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.
Cryptocurrency prices are fluctuating with Bitcoin trading around $80,706, up 1.5%, and Ethereum nearly flat at $2,262. Some altcoins like HYPE and FLR show significant gains, while others like SUI and ICP face declines. This mixed performance reflec...
THORChain suffered a multi-chain exploit affecting Bitcoin, Ethereum, BSC, and Base, resulting in losses exceeding $10 million. The protocol paused trading and initiated a global emergency halt to limit activity while investigating the breach. The na...
THORChain, a decentralized protocol for cross-chain swaps, was reportedly exploited for about $11 million across multiple blockchains including Bitcoin and Ethereum. This marks at least the third major security breach for THORChain in recent years, l...
