THORChain confirms $10M exploit, rolls out recovery portal for affected users

The $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users’ confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence. Related Reading: ZachXBT Claims LAB Insiders Control 95% After $6 Billion Crypto […]

The post THORChain exploit turns DeFi halt into trust test appeared on BitcoinEthereumNews.com. Make CryptoSlate preferred on THORChain’s suspected multichain exploit and emergency halt on May 15 has turned into another DeFi security incident, and another test of cross-chain trust. Emergency controls moved through chain-specific halts, Halt All Trading, Halt Signing, Halt Chain Global, Halt Churning, and repeated global node-pause updates. One public alert described the likely exploit affecting Bitcoin, Ethereum, BSC, and Base, resulting in more than $10.7 million in losses, revised from an earlier $7.4 million estimate. Another security estimate put the loss near $10 million, including 36.75 BTC and about $7 million across BNB Chain, Ethereum, and Base. The chain scope was later expanded in a TRM Labs assessment, which reported that the attacker drained more than $11 million across at least nine chains. Those chains included Avalanche, Dogecoin, Litecoin, Bitcoin Cash, and XRP, in add

Lombard has joined a wave of protocols switching to Chainlink CCIP as LayerZero migrations top $4 billion. LayerZero exploit sparks industry-wide migration The shift accelerated after a $292 million exploit drained 116,500 rsETH from Kelp DAO’s LayerZero-powered bridge in April…

ZachXBT warns THORChain may have lost over $10M across Bitcoin, Ethereum, BSC, and Base as the protocol halts trading. Blockchain investigator ZachXBT has warned that THORChain may have suffered a multi-chain exploit, with losses above $10 million. The alert named Bitcoin, Ethereum, BSC, and Base as affected chains. Soon after, THORChain paused trading and carried […] The post ZachXBT Issues THORChain Alert As Multi Chain Losses May Exceed Ten Million appeared first on Live Bitcoin News.

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