THORChain Halts Trading on Suspected $10 Million Exploit

Source
Uk Jin

Summary

  • THORChain said it had urgently halted trading amid suspected exploit losses of $10 million.
  • ZachXBT and PeckShield said they detected signs of simultaneous exploits across multiple networks, including Bitcoin (BTC), Ethereum (ETH), BNB Chain and Base.
  • ZachXBT and PeckShield said they identified suspicious addresses on the Bitcoin network and EVM-compatible chains, but added that the attack has not been officially confirmed and remains under investigation.

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Photo: Shutterstock
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THORChain has urgently halted trading amid suspicions that it was hit by an exploit totaling about $10 million.

The Block reported on May 15 that blockchain investigator ZachXBT and security firm PeckShield detected signs of simultaneous exploits across multiple networks, including Bitcoin (BTC), Ethereum (ETH), BNB Chain and Base. Estimated losses have exceeded $10 million so far.

THORChain has temporarily suspended all trading functions.

ZachXBT and PeckShield identified two suspicious addresses on the Bitcoin network and two on EVM-compatible chains. They added that the attack has not been officially confirmed and remains under investigation.

Uk Jin

Uk Jin

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