ZachXBT Flags Multi-Chain THORChain Exploit as Stolen Funds Surge Past $10 Million
Cross-chain liquidity protocol THORChain seems to have been compromised in an exploit spanning no less than 4 main networks, with stolen funds already exceeding $10 million, in response to onchain investigator ZachXBT.
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In an alert posted on Telegram on Friday, the sleuth stated that THORChain was likely exploited on Bitcoin, Ethereum, BNB Chain, and Base. ZachXBT outlined three theft addresses:
- bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37
- 0x82fc0d5150f3548027e971ec04c065f3c93154eb
- 0xd477b69551f49c0519f9b18c55030676138890bd
THORChain has paused buying and selling after the suspected exploit. Meanwhile, the report has weighed on RUNE’s worth. Market information reveals the altcoin is down greater than 6% since ZachXBT’s preliminary alert. At press time, RUNE was buying and selling at round $0.50.
This is a creating story. BeInCrypto has reached out to THORChain for remark.
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