Can tell because they did not check the numbers themselves / chains listed.
I finished accounting again now and it looks to be $10M+ stolen at least.
THORChain is a cross-chain trading protocol that lets users swap crypto assets across different blockchains without relying on a centralized exchange. That design also means its infrastructure touches multiple networks at once — and in this case, that became a vulnerability. The attack hit Bitcoin, Ethereum, BNB Chain, and Base simultaneously.
RUNE, THORChain’s native token, dropped close to 14% in the hours following news of the breach, sliding toward the $0.50 mark as traders moved to cut their exposure. The price drop was fast. The official response was not.
That silence has added to the anxiety in the market. The protocol survived earlier security incidents by tapping into treasury reserves and recovery mechanisms, but without clarity from the team, it is difficult to know whether a similar path is possible this time.
A Pattern That Keeps RepeatingCross-chain infrastructure has repeatedly been the site of major losses in decentralized finance. Bridges and routing systems that connect different blockchains require complex code — and complex code creates more opportunities for something to go wrong. The THORChain attack fits that pattern.
The stolen assets remain in the flagged wallets for now. Whether they stay there is another question.
Featured image from Unsplash, chart from TradingView
