Post #12069

THORChain Pauses Trading After Suspected $10M Multi-Chain Exploit THORChain paused trading after blockchain security researchers ZachXBT and PeckShield flagged a suspected exploit spanning Bitcoin, Ethereum, BNB Smart Chain and Base, with estimated losses of more than $10M. The incident adds to a pattern of previous security and operational disruptions involving the cross-chain liquidity protocol. THORChain previously suspended its ThorFi lending operations in January 2025 amid insolvency allegations and implemented a 90-day restructuring through validators. The protocol subsequently resolved a $200M debt crisis by converting defaulted obligations into a new equity-style token. 🔗theblock.co/post/401462/thorchain-pauses-trading-as-security-researchers-flag-suspected-10m-multi-chain-exploit Top 7 Ecosystem:Alpha| X | Aggregator