#THORChainHackCauses$10.7MLoss
Latest update on the THORChain $10.7M hack today:
THORChain confirmed that one of its six Asgard vaults was compromised, leading to an estimated loss of around $10.7 million. The protocol’s automated security systems quickly detected suspicious transactions and halted signing activity to stop further damage.
Early investigations suggest the exploit may be linked to validator or TSS (Threshold Signature Scheme) infrastructure vulnerabilities rather than a direct user-wallet breach. Reports say user swap funds appear safe for now.
THORChain contributors temporarily paused churn operations and some network activities while node operators and developers perform forensic analysis and security reviews.
Today’s newest warning: scammers are already launching fake “refund” and “airdrop compensation” websites pretending to help hack victims. THORChain officially warned users not to connect wallets to unknown recovery pages.
Market reaction has been negative. Reports show the RUNE token dropped sharply after news of the exploit spread through the crypto market.
Blockchain investigator ZachXBT reportedly confirmed stolen assets moved across multiple chains including Bitcoin, $ETH
$ETH Ethereum, BSC, and Base.
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The Defiant
THORChain Warns of Fake Refund Scams After $10M ...
THORChain Reports $10.7M Loss From Compromised ...THORChainHackCauses$10.7MLossTHORChainHackCauses$10.7MLoss #blockchain #cryptouniverseofficial