Rune tanks 11% after attackers move $10M in THORChain exploit

BTC's Thursday price spike came to a painful end on Friday.

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

Bitcoin’s break above $82,000 and a return of strong institutional demand are prerequisites to confirm a trend change for BTC price.

The post STRC Hits Record $1.53B Trading Volume, Says Michael Saylor appeared on BitcoinEthereumNews.com. Michael Saylor said STRC recorded an all-time high volume day with $1.53B in liquidity. Peter Schiff renewed criticism of STRC, calling the preferred shares a centralized Ponzi. Strategy’s BTC buys slowed to 535 BTC last week, but traders expect buys above 10K soon. Michael Saylor highlighted STRC’s record trading activity after the preferred stock posted what he described as an “all-time high volume” day with $1.53 billion in liquidity and just “two cents of volatility.” Strategy CEO Phong Lee also referred to the session as a “record day” on X. The surge in activity came as traders positioned around Strategy’s preferred shares ahead of the May 15 ex-dividend date. Trading volume in STRC has remained elevated for weeks as investors continue funding Strategy’s Bitcoin accumulation strategy through the yield-bearing instrument. Bitcoin Funding Model Draws More Attention The trading

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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