The cross-chain protocol THORChain has fallen victim to a large-scale exploit, resulting in hackers withdrawing over $10.7 million in cryptocurrencies. Information about the incident emerged after on-chain researcher ZachXBT published addresses linked to the attack and reported the suspension of trading on the protocol.
This is reported by Finway
Details of the Attack and Asset Losses
According to expert estimates, the exploit affected the Bitcoin, Ethereum, BNB Chain, and Base networks. Initially, the loss was estimated at $7.4 million, but later increased to over $10.7 million. The THORChain team promptly halted all trading operations upon discovering the breach to minimize further losses. Researchers published a list of addresses to which the stolen funds were transferred.
Stolen Funds and Market Reaction
Analytical firm PeckShield confirmed the attack and clarified that the hackers managed to withdraw about 36.75 BTC (approximately $3 million) as well as nearly $7 million in tokens on BNB Chain, Ethereum, and Base. A significant portion of the stolen assets is currently held in two wallets identified by specialists.
“#PeckShieldAlert @THORChain has been hacked, approximately $10 million in cryptocurrencies stolen, including 36.75 BTC ($3 million) and around $7 million in assets from the BNB Chain, Ethereum, and Base networks.”
In light of the incident, the RUNE token, native to THORChain, experienced a significant drop. Its value decreased by about 10% and at the time of writing stands at approximately $0.53.
In April 2026, the cryptocurrency market had already recorded a significant increase in the number of attacks and the scale of losses, indicating a growing activity of malicious actors in the decentralized finance sector.