THORChain Faces Growing Questions Over Long-Term Viability After Six Exploits in Five Years

Thorchain Exploit Triggers Security Fears Across DeFi - Invest In Crypto News

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Blockchain tracking firm Arkham Intelligence has labeled a set of suspicious wallets as “THORChain Exploiter” addresses, with one Bitcoin-linked wallet holding close to 36.85 BTC — worth roughly $3 million — and a separate Ethereum wallet carrying around 216 ETH. The funds are sitting there, visible on-chain, linked to two addresses that security …

THORChain (RUNE) Launches Refund Portal After $10M Exploit

THORChain confirms $10M hack affecting 12,847 wallets. Recovery portal live for claims; treasury-backed refunds available until June 4. (Read More)

$10M Gone: Thorchain Exploit Triggers Security Fears Across DeFi

Blockchain tracking firm Arkham Intelligence has labeled a set of suspicious wallets as “THORChain Exploiter” addresses, with one Bitcoin-linked wallet holding close to 36.85 BTC — worth roughly $3 million — and a separate Ethereum wallet carrying around 216 ETH. The funds are sitting there, visible on-chain, linked to two addresses that security researchers have already flagged publicly. Who Found It First The person who spotted the attack befo…

THORChain Opens Recovery Portal After $10 Million Exploit

What Happened in the THORChain Exploit? THORChain has confirmed a $10 million exploit and launched a recovery portal for affected users, giving them a self-custodial route to revoke malicious token approvals and submit refund claims backed by a treasury-funded pool of the same size. The protocol said affected users can now check what compensation they are eligible to receive after the attack. The recovery portal cites a PeckShield post-mortem sa…

THORChain warns users as scammers target victims after $10M exploit

THORChain has released a statement on X on May 16, asking users to disregard information about it conducting a recovery program following the exploit that drained around $10 million in crypto assets. On the same day that THORChain is clearing the air about misinformation flying around, blockchain analytics firm Chainalysis published on-chain evidence that links the attackers to wallets that were funded weeks before the theft was executed. THORCh…

Thorchain Pauses All Trading After $10.8 Million Multichain Exploit

Reading Time: 3 minutesKey Takeaways: Over $10.8 million was stolen across Bitcoin, Ethereum, BSC, and Base. Hackers used an address poisoning trick during a routine vault migration process. The network activated an emergency halt to stop all trading and prevent further damage. Security experts are currently tracking the stolen funds as the protocol team prepares a fix. Thorchain has officially paused all network activities today after sufferin…