- According to Zach XBT, the THORChain liquidity protocol may have lost $10 million in assets.
- THORChain has suspended trading and implemented a global emergency halt following reports of a vulnerability.
According to blockchain researchers, the cross-chain liquidity protocol THORChain has suffered a major hack that has forced it to suspend operations.
В Telegram-THORChain channel appeared A notification that all trading and transaction signing are suspended, and the global node downtime will last until block 26191149, approximately 12 hours and 42 minutes. The shutdown occurred shortly after it became known that the Bitcoin blockchain protocol had been hacked. Ethereum, BNB Chain and Base.
First about this wrote on-chain analyst Zach XBT, who reported the loss of assets worth more than $7,5 million. He later clarified the information and stated that the amount of stolen funds exceeds $ 10 million.
Experts have repeatedly drawn attention to the vulnerability of THORChain, since the protocol does not work in the same way as most platforms DeFiIt focuses on its own cross-chain swaps and liquidity routing between blockchains. This makes cross-chain systems more vulnerable to attacks. This affects elements such as bridge logic, validator coordination, liquidity storage, and transaction processing across multiple networks.
Interestingly, THORChain was mentioned in connection with the biggest hack of the year. KelpDAOThen, hackers transferred approximately $175 million in ETH to new wallets through this cross-chain protocol and the Umbra protocol.
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