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THORChain’s RUNE Token Plunges Double Digits After $10M Exploit, Trading Halt
TL;DR
THORChain halted all trading after a suspected multi-chain exploit was flagged, allegedly resulting in losses exceeding $10 million. Security researchers identified two addresses linked to the theft affecting Bitcoin, Ethereum, BNB Smart Chain, and Base networks.
Key points
- THORChain suspended all trading operations
- Suspected exploit linked to over $10 million in losses
- Identified theft addresses on Bitcoin and EVM-compatible chains
Mentioned in this story
THORChainZachXBTPeckShield
BNB Smart ChainBase
In brief
- THORChain suspended all trading after security researchers flagged a suspected multi-chain exploit allegedly affecting Bitcoin, Ethereum, BNB Smart Chain, and Base networks.
- Blockchain researcher ZachXBT and security firm PeckShield identified two suspected theft addresses linked to alleged losses exceeding $10 million.
- The protocol halted operations while investigating the potential security breach.
THORChain halted trading operations Friday morning after blockchain security researchers identified a suspected exploit allegedly affecting more than $10 million across multiple blockchain networks.
Blockchain researcher ZachXBT and security firm PeckShield traced the suspected breach to two main addresses—one on Bitcoin and another on EVM-compatible chains including Ethereum, BNB Smart Chain, and Base. The researchers' analysis prompted THORChain's immediate defensive response.
#PeckShieldAlert @THORChain has been exploited for ~$10M worth of crypto, including 36.75 $BTC ($3M) and ~$7M worth of assets from #BNBChain, #Ethereum, and #Base.
The stolen funds mainly sit in:
bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37… pic.twitter.com/mhWIWueVPK
Q&A
What caused THORChain to halt trading?
THORChain suspended trading due to a suspected multi-chain exploit that was flagged by security researchers.
How much money was allegedly stolen in the THORChain exploit?
The alleged losses from the THORChain exploit exceed $10 million.
Which blockchain networks were affected by the THORChain exploit?
The exploit affected Bitcoin, Ethereum, BNB Smart Chain, and Base networks.
