The post ZachXBT Says 95% of LAB Token Is Insider-Controlled as Investigation Exposes Multi-Front Retail Rug – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways ZachXBT alleges LAB insiders control over 95% of supply and coordinated a 350% pump to a $6B FDV using Bitget infrastructure. The investigation exposes four simultaneous retail extraction methods: OTC loans at 7.5%/month, vesting changes, unpaid marketing rewards, and an opaque market-making deal. ZachXBT posted a $10,000 bounty on LAB founder Vova Sadkov and called on Binance, Bitget, and Gate to freeze insider profits or delist immediately. A $6 Billion Project Built on Hidden Supply LAB launched its token generation event in October 2025, positioning itself as an AI-powered trading terminal. In early May 2026, the token surged over 350% in under 72 hours, briefly touching a $6 billion fully diluted valuation ( FDV) before crashing more than 65% within hours, a move ZachXBT alleges was engineered in coordination
Onchain investigator ZachXBT has published a sweeping investigation into LAB, an AI trading terminal project with a $6 billion fully diluted valuation, alleging insiders control more than 95% of the token supply while running at least four simultaneous mechanisms to extract value from retail participants. A $6 Billion Project Built on Hidden Supply LAB launched […]
The post Thorchain Hack Drains $10M – ZachXBT Reports appeared on BitcoinEthereumNews.com.
The post Thorchain Hack Drains $10M – ZachXBT Reports appeared first on Coinpedia Fintech News THORChain, a cross-chain crypto trading protocol, was hit by a major hack that may have stolen over $10 million in digital assets across Bitcoin, Ethereum, BNB Chain, and Base. The attack sparked panic in the DeFi market, causing THORChain’s native token RUNE to drop more than 14% shortly after the exploit. ZachXBT Flags Suspicious Multi-Chain Activity The first warnings came from on-chain investigator ZachXBT, who reported suspicious activity linked to THORChain’s router infrastructure. According to ZachXBT, attackers moved roughly $7.2 million worth of assets including USDT, USDC, and wrapped Bitcoin across multiple blockchain networks before swapping them into ETH. The stolen funds were reportedly spread across Bitcoin, Ethereum, BNB Chain, and Base. Initial estimates suggested losses exceeded $7.
THORChain developers announced that one of six Asgard vaults was compromised, resulting in approximately $7.4M in unauthorized outbound transactions before the network halted signing activity.
The post Thorchain Exploited? Trading Paused Amid Risk of Enormous Attack appeared on BitcoinEthereumNews.com.
DeFi security is in trouble Guidelines for users Cross-chain DeFi protocol THORChain has suspended trading, following what appears to be a significant multi-chain exploit that may have depleted over $10 million in cryptocurrency assets. Suspicious withdrawals involving Bitcoin, Ethereum, BNB Chain, and Base-linked assets have been reported by security researchers and on-chain investigators such as PeckShield. Early tracking data indicates that the attackers allegedly took about 36.75 BTC, or about $3 million, along with an additional $7 million in assets that were bridged across several chains. Both Bitcoin and Ethereum-compatible networks’ publicly known wallet addresses were linked to the stolen funds. Following the incident, THORChain stopped trading, probably to avoid further liquidity drains or cascading exploits across linked pools. Because THORChain serves as essential
The post THORChain Pauses Trading After Suspected $10M Exploit appeared on BitcoinEthereumNews.com.
Early estimates suggest that more than $10 million may have been stolen, although the exploit has not yet been officially confirmed. The incident only adds to a series of previous operational and security issues surrounding the protocol. THORChain Hit by Suspected Exploit Cross-chain liquidity protocol THORChain temporarily paused trading activity after blockchain investigators raised concerns over a suspected exploit that may have impacted multiple blockchain networks, including Bitcoin, Ethereum, BNB Smart Chain, and Base. The incident was first pointed out by well-known on-chain security researchers ZachXBT and PeckShield, who identified suspicious wallet activity tied to alleged theft addresses operating on Bitcoin and EVM-compatible chains. Early estimates suggest that the exploit may have resulted in losses of more than $10 million, although investigators made it clear that the at
The post BREAKING: THORChain Suffers $10M Exploit Across Bitcoin, Ethereum, BSC, Base Chains appeared on BitcoinEthereumNews.com.
THORChain, a decentralized cross-chain liquidity protocol, has paused trading after blockchain security researchers flagged an exploit worth over $10 million. The protocol has reportedly suffered an exploit across Bitcoin, Ethereum, BSC and Base. As a result, RUNE price crashed 12% in a few hours. THORChain Hit By $10M Crypto Losses in Exploit On-chain investigator ZachXBT on May 15 flagged an exploit on THORChain, claiming losses exceeding $10 million. The funds are stolen across multiple major blockchains, including Bitcoin, Ethereum, BNB Smart Chain (BSC), and Base. In response, THORChain has halted all trading and swaps via its emergency protocol to contain the damage. The exploit involved large unauthorized outflows from THORChain’s router contracts across the affected chains. Many security researchers and analytics platforms such as PeckShieldAlert rev
The post Thorchain Loses Nearly $11M as Attackers Poison Vault Churn Process Across 4 Chains – Bitcoin News appeared on BitcoinEthereumNews.com.
Key Takeaways Thorchain lost approximately $10 to $11 million across Bitcoin, Ethereum, BSC, and Base on May 15, 2026. ZachXBT flagged the exploit publicly as RUNE dropped 12 to 15% within hours, falling to roughly $0.50. Node operators triggered a global emergency halt; a full post-mortem from Thorchain is still pending. Thorchain Funds Compromised Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total higher. The breach hit vaults on Bitcoin, Ethereum, BNB Smart Chain, and Base. The attack method centered on a vault churn, a standard Thorchain process in which node operators rotate in and out while assets are redistributed using threshold signature schemes. Attackers appear to have injected malicious addresses into that process, tri
