THORChain Halts Trading After ZachXBT Flags $10M Exploit
Cointelegraph
THORChain suspended trading activity following a $10 million exploit identified by blockchain investigator ZachXBT.Summary
The decentralized liquidity protocol THORChain has halted all trading and signing after blockchain investigator ZachXBT alerted the community to a suspected $10 million exploit. A wallet identified by Arkham Intelligence contains approximately $10.8 million in stolen funds, with unauthorized transfers occurring across Bitcoin, Ethereum, BNB Chain, and Base. While THORChain has yet to issue an official confirmation, node activity has been paused for roughly 12 hours. The price of the protocol's native token, RUNE, dropped 13% following the incident, which continues a trend of significant security concerns currently affecting the broader decentralized finance ecosystem.
(Source：Cointelegraph)