🚨 Security Alert: THORChain Hit by Major Crypto Exploit 🚨
Blockchain security firm PeckShield reported that THORChain has suffered a significant exploit resulting in nearly $10 million in stolen crypto assets.
According to reports shared on X, the attacker drained approximately 36.75 BTC worth around $3 million, alongside nearly $7 million in assets bridged across BNB Chain, Ethereum, and Base. The exploit once again highlights the growing security challenges facing cross-chain protocols and decentralized infrastructure.
Investigators revealed that most of the stolen funds are currently concentrated in two wallets:
• Bitcoin address: bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37
• EVM address: 0xd477b69551f49C0519F9B18c55030676138890Bd
The incident has quickly sparked concern throughout the crypto community, with users closely monitoring whether the funds will be moved through mixers, bridges, or exchanges in the coming days.
As of now, THORChain has not released a detailed public explanation regarding the root cause of the exploit. The event serves as another reminder that even established DeFi protocols remain vulnerable to sophisticated attacks, making security audits and real-time monitoring more important than ever.
The broader market will now watch how THORChain responds, whether user funds can be recovered, and what long-term impact this exploit may have on confidence in cross-chain DeFi ecosystems.#Write2Earn! $XRP
