Suspected Thorchain exploit drains $7.4M+ across Bitcoin, Ethereum, BSC, and Base

$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

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