THORChain’s RUNE Token Plunges Double Digits After $10M Exploit, Buying and selling Halt – Decrypt

Briefly
THORChain suspended all buying and selling after safety researchers flagged a suspected multi-chain exploit allegedly affecting Bitcoin, Ethereum, BNB Good Chain, and Base networks.
Blockchain researcher ZachXBT and safety agency PeckShield recognized two suspected theft addresses linked to alleged losses exceeding $10 million.
The protocol halted operations whereas investigating the potential safety breach.
THORChain halted buying and selling operations Friday morning after blockchain safety researchers recognized a suspected exploit allegedly affecting greater than $10 million throughout a number of blockchain networks.Blockchain researcher ZachXBT and safety agency PeckShield traced the suspected breach to 2 important addresses—one on Bitcoin and one other on EVM-compatible chains together with Ethereum, BNB Good Chain, and Base. The researchers' evaluation prompted THORChain's rapid defensive response.The protocol's group has not but launched technical particulars in regards to the nature of the alleged vulnerability or confirmed the researchers' loss estimates. THORChain's native token RUNE is down 10% on the day to commerce at $0.5229, per CoinGecko information.The suspected exploit occurred throughout a interval of elevated exercise on THORChain. The protocol processed $394 million in each day quantity when hackers allegedly used it to maneuver stolen funds from the KelpDAO breach between Ethereum and Bitcoin networks.The protocol suspended its ThorFi lending operations in January 2025 amid insolvency allegations, implementing a 90-day restructuring to deal with $200 million in defaulted obligations.Final September, THORSwap issued a bounty after hackers drained $1.2 million from THORChain founder John-Paul Thorbjornsen's private pockets, with ZachXBT later attributing the assault to North Korean hackers.Cross-chain protocols proceed going through refined assaults as hackers exploit advanced bridging mechanisms. DeFi platform TrustedVolumes misplaced $6.7 million earlier this month, whereas North Korean hackers stole $2.1 billion in cryptocurrency throughout 2025, representing 60% of all crypto theft losses, in keeping with safety agency CertiK.Every day Debrief NewsletterStart each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.