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THORChain halts trading after a $10M multi-chain crypto exploit.

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

THORChain has paused trading following a suspected exploit that drained over $10 million in cryptocurrency across multiple blockchains, including Bitcoin, Ethereum, and BNB Chain. Security researchers report that about 36.75 BTC (around $3 million) and an additional $7 million in assets were stolen. This incident highlights ongoing security challenges in DeFi, especially for cross-chain protocols that integrate complex smart contracts and liquidity pools. Users are advised to avoid using THORChain until an official security assessment is released and to be cautious of phishing attempts related to the exploit.

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