THORChain paused trading operations after blockchain investigator ZachXBT warned that the protocol may have suffered a major multi-chain exploit affecting several blockchain networks.<\/p>\n\n\n\n
According to ZachXBT, the exploit may have resulted in losses exceeding $10 million across Bitcoin, Ethereum, BNB Smart Chain, and Base. Early estimates initially suggested losses above $7.4 million, but updated on-chain tracking later pushed the estimated stolen amount much higher.<\/p>\n\n\n\n
The investigator also criticized third-party accounts for reposting exploit information without independently verifying wallet activity or affected chains. He noted that the situation remained under active investigation and that final numbers could still change as additional transactions are analyzed.<\/p>\n\n\n\n
Following the alert, THORChain activated a global emergency halt and paused trading activity across the network. The move was intended to limit additional exposure while protocol operators and validators reviewed the exploit and investigated the affected routes.<\/p>\n\n\n\n
According to THORChain\u2019s security documentation, the network\u2019s global HaltTrading mechanism stops trading and cross-chain observations while allowing the THORChain blockchain itself and native RUNE transfers to continue operating.<\/p>\n\n\n\n
The exploit news quickly impacted market sentiment around THORChain\u2019s native token. RUNE dropped sharply after the warning spread online, falling roughly 15% within minutes from above $0.58 to nearly $0.50 before partially stabilizing.<\/p>\n\n\n\n
At press time, market data showed RUNE trading near $0.58 with a 24-hour trading volume of around $32.46 million. Despite the short-term recovery, the token remains down more than 70% over the past year.<\/p>\n\n\n\n
The latest exploit warning adds to growing scrutiny surrounding cross-chain protocols and bridge infrastructure. THORChain has previously appeared in discussions related to exploit-linked fund movements involving major decentralized finance attacks.<\/p>\n\n\n\n
Earlier reports connected THORChain to fund routing activity tied to the Kelp DAO exploit, where attackers allegedly moved large amounts of stolen ETH through multiple wallets and cross-chain systems.<\/p>\n\n\n\n
Cross-chain protocols continue facing security challenges because attackers often move assets rapidly between networks, making recovery and tracking significantly more difficult once funds leave the original chain.<\/p>\n\n\n\n
The latest incident also reignited broader industry debate over how quickly crypto protocols, stablecoin issuers, and blockchain firms should respond during large-scale exploits and suspicious fund movements.<\/p>\n\n\n\n
For now, traders and users remain focused on whether THORChain can fully contain the incident and restore confidence once the investigation is completed.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
THORChain paused trading operations after blockchain investigator ZachXBT warned that the protocol may have suffered a major multi-chain exploit affecting several blockchain networks. According to ZachXBT, the exploit may have resulted in losses exceeding $10 million across Bitcoin, Ethereum, BNB Smart Chain, and Base. Early estimates initially suggested losses above $7.4 million, but updated on-chain…<\/p>\n","protected":false},"author":3,"featured_media":14617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,2105,581],"class_list":["post-14615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-exploit","tag-thorchain"],"yoast_head":"\n