Thorchain Halts Trading After $10 Million Cross-Chain Exploit, RUNE ...

Thorchain halts trading after $10 million cross-chain exploit, RUNE ...

THORChain exploit turns emergency chain halt into a DeFi trust test

THORChain’s suspected multichain exploit and emergency halt on May 15 has turned into another DeFi security incident, and another test of cross-chain trust. Emergency controls moved through chain-specific halts, Halt All Trading, Halt Signing, Halt Chain Global, Halt Churning, and repeated global node-pause updates. One public alert described the likely exploit affecting Bitcoin, Ethereum, BSC, and Base, resulting in more than $10.7 million in l…

THORChain Freezes Swaps After Suspected Exploit

THORChain pauses swaps after suspected multi chain exploit activity RUNE faces pressure as security concerns hit cross chain liquidity confidence Researchers estimate losses above $10 million while investigation continues While a protocol handling cross chain liquidity suddenly hits the brakes, traders notice fast. Is the THORChain exploit scare exposing deeper cracks in DeFi plumbing? THORChain halted swaps on Friday after blockchain security r…

THORChain Exploited for $10.8 Million Across Four Blockchains as RUNE Drops 12% – CryptoGazette

Cross-chain liquidity protocol THORChain was drained of approximately $10.8 million on Friday after an attacker exploited a flaw across four separate blockchains – Bitcoin, Ethereum, BNB Chain, and Base – forcing the protocol to halt all trading and signing operations. On-chain investigator ZachXBT first flagged the suspicious activity, identifying coordinated drains that spanned the protocol’s multi-chain liquidity pools. RUNE, THORChain’s nati…

Thorchain Opens $10M Compensation Portal For Hack Victims Across Four Blockchains

BitcoinWorld Thorchain Opens $10M Compensation Portal for Hack Victims Across Four Blockchains The Thorchain Foundation has officially launched a compensation portal for victims of a recent exploit that drained approximately $10 million from the decentralized cross-chain liquidity protocol. The foundation has allocated an equivalent compensation pool to reimburse affected users, with applications now open for eligible wallets. Eligibility and A…