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ZachXBT Flags Multi-Chain THORChain Exploit as Stolen Funds Surge Past $10 Million

Source Beincrypto

Cross-chain liquidity protocol THORChain appears to have been compromised in an exploit spanning at least four major networks, with stolen funds already exceeding $10 million, according to onchain investigator ZachXBT.

In an alert posted on Telegram on Friday, the sleuth said that THORChain was likely exploited on Bitcoin, Ethereum, BNB Chain, and Base. ZachXBT outlined three theft addresses:

bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37
0x82fc0d5150f3548027e971ec04c065f3c93154eb
0xd477b69551f49c0519f9b18c55030676138890bd

THORChain has paused trading after the suspected exploit. Meanwhile, the report has weighed on RUNE’s price. Market data shows the altcoin is down more than 6% since ZachXBT’s initial alert. At press time, RUNE was trading at around $0.50.

RUNE Price Performance. Source: TradingView

This is a developing story. BeInCrypto has reached out to THORChain for comment.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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