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 native token RUNE dropped about 15% following the news, reflecting investor concern. This incident adds to previous scrutiny of THORChain's role in cross-chain DeFi exploits, highlighting ongoing security challenges in decentralized finance.
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 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...
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...
