THORChain loses nearly $11 million in suspected exploit as RUNE tumbles 13%

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Security vulnerabilities continue to challenge THORChain's cross-chain liquidity as another major breach unfolds.

THORChain, the decentralized cross-chain liquidity protocol that enables swaps between major blockchain networks, appears to have been exploited for approximately $11 million across Bitcoin, Ethereum, Binance Smart Chain, and Base, according to on-chain investigator ZachXBT.

Trading on the protocol was paused following the incident. The project has yet to respond publicly to reports of the suspected exploit.

THORChain loses nearly $11 million in suspected exploit as RUNE tumbles 13%

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