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THORChain HACKED FOR ~$10M — MARKET SHOCKWAVES HIT HARD
THORChain has become the center of attention after suffering a major exploit, with estimated losses reaching nearly $10 million
Initial reports suggest:
36.75 $BTC (~$3M) was stolen
Alongside roughly ~$7M worth of other tokens drained from the protocol
Following the incident, the platform temporarily suspended trading while the exact cause of the exploit remains unclear
What makes the situation even more ironic is THORChain’s controversial history
The DEX had previously faced heavy criticism for allegedly being used to route funds linked to major exploits such as:
Bybit (/$1.5B)
KelpDAO (/$292M)
Balancer (~$120M)
And now, the protocol itself has become the latest victim of a large-scale attack
Native token $RUNE reacted violently to the news, plunging nearly -15% as panic spread across the market
In crypto, no system is truly untouchable, sometimes a single vulnerability is enough to erase millions within minutes
#DailyOrbit #KelpDAOAttackerLiqd
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