THORChain Exploited: $10M Stolen Across Chains

Blockchain analytics firm Lookonchain reports that THORChain suffered a severe exploit across multiple networks, including Bitcoin, Ethereum, BSC, and Base, with hackers draining funds exceeding $10M, as flagged by investigator ZachXBT. This breach hits at a vulnerable time for the cross-chain liquidity protocol, echoing similar hacks in the crypto market crash scenarios over the past six months, where decentralized finance platforms have bled billions in exploits.

Zooming into the RUNE 4-hour chart, price action clings to the EMA200 at $0.51, acting as a fragile long-term support while the EMA50 looms overhead at $0.58 as immediate resistance in this bearish trend. Momentum screams exhaustion with RSI(14) at 23.74 in oversold territory, converging with a MACD(12,26) death cross at -0.02 signaling sustained downside pressure; meanwhile, volatility squeezes as price tests the lower Bollinger support near $0.52, hinting at a potential short-term bounce if buyers defend this confluence, but upper resistance at $0.64 caps any runaway recovery amid broader crypto hack losses and RUNE price prediction uncertainties tied to Bitcoin's influence.