The exploit drained approximately $10M in assets, including Bitcoin and tokens from multiple blockchains, triggering a trading halt.
THORChain suffered a $10M exploit, with attackers siphoning 36.75 BTC ($3M) and roughly $7M in assets from BNB Chain, Ethereum, and Base. The stolen funds were traced to a specific Bitcoin address, though recovery efforts remain unclear.
The incident follows a history of security breaches in decentralized finance platforms, raising concerns over protocol vulnerabilities. RUNE, THORChain’s native token, fell by double digits in response, prompting a temporary trading suspension to assess the damage.
Markets reacted swiftly, with RUNE’s decline reflecting investor unease over the exploit’s scale and potential long-term impact on the network’s credibility.