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THORChain suffers $10.7M multi-chain hack, halts all trading to contain losses

Market News
15 May 2026
Blockonomi
View Source
Bearish
pluang ai news

THORChain was exploited in a coordinated attack across Bitcoin, Ethereum, BSC, and Base networks, resulting in losses exceeding $10.7 million. Blockchain investigator ZachXBT identified three theft wallet addresses and confirmed the multi-chain nature of the hack. In response, THORChain triggered a global emergency halt and paused all trading to prevent further unauthorized withdrawals. The incident highlights the complexity and risks of cross-chain protocols, with further updates expected as investigations continue.

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