THORChain Pauses Trading After Suspected $10M Exploit
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