- THORChain suffered a multi-chain exploit that drained more than $10 million from its liquidity pools.
- The attacker targeted THORChain’s router across Bitcoin, Ethereum, BNB Smart Chain, and Base, with most stolen funds held in ETH.
- RUNE plunged into double digits after the hack, forcing the protocol to pause trading and signing operations.
In the latest THORChain news, hackers have reportedly drained over $10 million from the cross-chain liquidity protocol across four different chains, leaving the whole DeFi scene shaken.
On Friday, on-chain sleuth ZachXBT flagged a multi-chain exploit that drained roughly $10.8 million from the protocol’s liquidity pools on Bitcoin, Ethereum, BNB Smart Chain, and Base.
Security firm PeckShield confirmed the numbers. The attacker moved fast, pulling funds before anyone could react.
The breach targeted THORChain’s router across those four networks, allowing attackers to siphon assets straight from the pools. The hackers exploited a weakness that let them route value out before the system could lock it down. The exact nature of the vulnerability is still under investigation.
Data from Arkham Intelligence shows the “Thorchain exploiter” wallet now holds $10,806,345.54. That breaks down to 3.443K ETH worth $7.77 million, 36.854 BTC sitting at $2.97 million, and 96.588 BNB adding another $66K.
ETH dominates, making up over 70% of the total, with Bitcoin second, and BNB. The stolen funds have not moved since the theft, which means the hacker has not dumped everything yet, or is likely looking for track-proof ways of cashing out. Smart money is now closely watching that address for any movement.
RUNE Price Tanks on the News
The price of THORchain token (RUNE) dropped by double-digit percentage, from 12% to 15% in hours, after the news broke. Trading volume spiked as holders rushed for the exits.
The token traded as low as $0.52 in the chaos, wiping out recent gains and putting fresh pressure on the $1 billion TVL the protocol once boasted. Chad traders who jumped in on the dip are already calling it a classic “buy the rumor, sell the exploit” moment.
THORChain has paused all trading and signing operations while the team digs into the logs. The move stopped the bleeding and gave devs time to review the router code. No official statement has dropped yet, but the protocol has urged users to revoke approvals on affected pools. That pause has bought everyone breathing room.
