THORChain Slides on Signs of Hack, With Losses Estimated at More Than $7.4 Million

Source
Uk Jin

Summary

  • On-chain analyst ZachXBT said signs of a large-scale hack had been detected at decentralized cross-chain protocol THORChain (RUNE).
  • He said losses confirmed so far from attacks spanning multiple chains, including Bitcoin, Ethereum, BNB Chain and Base, exceed $7.4 million.
  • After the report, THORChain tumbled in intraday trading and was down 10.6%% at 764 won as of 6:57 p.m.

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Photo: THORChain X screenshot
Photo: THORChain X screenshot

On-chain analyst ZachXBT said on May 15 that signs of a large-scale hack had been detected at THORChain, the decentralized cross-chain protocol behind RUNE.

In a post on X, formerly known as Twitter, ZachXBT wrote that THORChain appeared to have been attacked across multiple networks, including Bitcoin, Ethereum, BNB Chain and Base. Losses confirmed so far exceed $7.4 million.

THORChain fell sharply in intraday trading after the report. As of 6:57 p.m., RUNE was trading at 764 won, down 10.6% from the previous day.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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