ZachXBT warns THORChain losses may top $10M after halt

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

Thorchain suffered an estimated $10 to $11 million exploit on Friday, after attackers used vault churn address poisoning to redirect funds during a routine migration process across multiple blockchains. 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 […]

The post Rune tanks 11% after attackers move $10M in THORChain exploit appeared on BitcoinEthereumNews.com. THORChain, one of the leading decentralized cross-chain DEXs, is the latest victim of a major hack across several blockchain platforms. As per the security warnings issued on May 15, 2026, THORChain suffered losses of about $10 million in cryptocurrencies.  The attack targeted the BTC, ETH, BNB Chain, and Base blockchains, with the stolen crypto coins swiftly transferred into certain wallets. So far, the THORChain team has not issued an official comment. Hackers targeting crypto grow bolder Approximately $25 million has been lost to hacks in the crypto space since the start of May. Today’s hack targeted THORChain’s cross-chain liquidity services, enabling unauthorized token withdrawals from pools on the Bitcoin, Ethereum, BNB Chain (formerly BSC), and Base blockchains.  While initial estimates pointed to losses of more than $7.4 million, the latest data from security firm PeckShi

The post THORChain loses nearly $11 million in suspected exploit as RUNE tumbles 13% appeared on BitcoinEthereumNews.com. THORChain, the decentralized cross-chain liquidity protocol that enables swaps between major blockchain networks, appears to have been exploited for approximately $11 million across Bitcoin, Ethereum, Binance Smart Chain, and Base, according to on-chain investigator ZachXBT. Trading on the protocol was paused following the incident. The project has yet to respond publicly to reports of the suspected exploit. The breach, which surfaced in the early hours of Friday, is at least the fourth major security incident for the protocol in recent years. The first widely recognized exploit took place in July 2021, leading to losses estimated between $4.9 million and $5 million from liquidity pools. A second major incident followed during the ChaosNet era later that year, when attackers drained approximately 4,000 ETH from Ethereum-linked liquidity before the treasury reimburse