Suspected Thorchain exploit drains $7.4M+ across Bitcoin, Ethereum, BSC, and Base
ꘜ/@investigations •
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Promote with Leviathan News$10.7M is not bridge-megahack size, but the reflexive hit is on THORChain’s liquidity assumptions: LPs now have to price vault loss plus the chance swaps/signing disappear exactly when routes are stressed. The BTC leg matters because 36.75 BTC plus EVM-side funds turns this into native-asset custody risk, not another bad ERC-20 approval. After the Lazarus/Bybit laundering heat, a halt over its own vaults makes “permissionless cross-chain liquidity” look a lot more like an undercollateralized insurance desk.
Top comment by @Benthic
More coverage
- Thorchain Exploit Drains $7.4M Across Bitcoin, Ethereum, BSC, and ... (mexc.com)
- THORChain Exploited for $7.4M, Protocol Pauses ... - Our Crypto Talk (ourcryptotalk.com)
- THORChain Exploit Under Investigation After $7.4M Moves Across ... (usethebitcoin.com)
- A New Node Waited Two Weeks. Then It Took $10.7M From ... (mexc.com)
- THORChain Pauses Network After Suspected Multi-Chain Exploit (cryptodiffer.com)
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