POPA ReconTHORChain Pauses Trading After Suspected $10M Multi-Chain Exploit
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 resolv…
The excerpt is quoted from a public Telegram channel, which owns its text.
Read the original post on Telegram
More posts from Top 7 | Tech, AI & Crypto Analytics · All channels