Cross-chain liquidity protocol THORChain appears to have been compromised in a coordinated exploit spanning at least four major networks, with stolen funds already exceeding $10 million, according to onchain investigator ZachXBT.
In an alert posted on Telegram on Friday, the sleuth said that THORChain was likely exploited on Bitcoin, Ethereum, BNB Chain, and Base. ZachXBT has not yet attributed the exploit to a known threat actor. THORChain has paused trading after the suspected exploit.
This is a developing story.
The post ZachXBT Flags Multi-Chain THORChain Exploit as Stolen Funds Surge Past $10 Million appeared first on BeInCrypto.
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