THORChain has reportedly suffered a major security exploit, with blockchain security firm PeckShieldAlert revealing that approximately $10 million worth of cryptocurrency has been stolen across multiple networks. The incident has quickly drawn attention across the crypto industry as investigators continue tracking the movement of funds.
According to the report, the attacker stole 36.75 BTC, worth nearly $3 million, alongside an additional $7 million in digital assets from BNB Chain, Ethereum, and Base. The exploit highlights the ongoing security risks facing cross-chain infrastructure and decentralized finance protocols, even as the industry continues to mature.
Most of the stolen assets are reportedly being held in two wallet addresses currently under monitoring by on-chain analysts. The Bitcoin holdings are linked to address: bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37, while assets on EVM-compatible chains are associated with address: 0xd477b69551f49C0519F9B18c55030676138890Bd.
The THORChain community and security researchers are expected to continue investigating the breach, while users remain watchful for further updates regarding potential recovery efforts, protocol responses, and the broader impact on platform security and trust#TrendingTopic $XRP
