THORChain: Exploited for $10M in Crypto
THORChain suffers $10M exploit, losing 36.75 BTC worth $3M and $7M from BNBChain, Ethereum, Base; funds traced to Bitcoin address.
SourceAnalysis
Security firm PeckShieldAlert reports that decentralized exchange THORChain just got hit with a massive exploit draining roughly $10 million in crypto assets, including 36.75 BTC valued at $3 million and another $7 million pulled from BNBChain, Ethereum, and Base networks. Hackers funneled the stolen loot into Bitcoin address bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37…, spotlighting ongoing vulnerabilities in cross-chain protocols amid a surge in Bitcoin and BTC market volatility over the past six months. This THORChain exploit echoes recent crypto security breaches like last quarter's DeFi hacks, raising alarms for Bitcoin theft incidents and pushing developers to tighten defenses in an era of escalating crypto market risks.
PeckShieldAlert
@PeckShieldAlertPeckShield is a prominent blockchain security firm that provides comprehensive solutions aimed at safeguarding the blockchain ecosystem.
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