ZachXBT Flags Multi-Chain THORChain Exploit as Stolen Funds Surge Past $10 Million

Cross-chain liquidity protocol THORChain appears to have been compromised in an exploit spanning at least four major networks, with stolen funds already exceeding $10 million, according to onchain investigator ZachXBT.

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In an alert posted on Telegram on Friday, the sleuth said that THORChain was likely exploited on Bitcoin, Ethereum, BNB Chain, and Base. ZachXBT outlined three theft addresses:

• bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37
• 0x82fc0d5150f3548027e971ec04c065f3c93154eb
• 0xd477b69551f49c0519f9b18c55030676138890bd

THORChain has paused trading after the suspected exploit. Meanwhile, the report has weighed on RUNE’s price. Market data shows the altcoin is down more than 6% since ZachXBT’s initial alert. At press time, RUNE was trading at around $0.50.

RUNE Price Performance. Source: TradingView

This is a developing story. BeInCrypto has reached out to THORChain for comment.