Thorchain exploited across Bitcoin, Ethereum, BSC, and Base for $7.4M+.
Security & Exploits ·
An exploit drained approximately $7.4 million from Thorchain across multiple blockchain networks, including Bitcoin, Ethereum, BSC, and Base. The theft involved specific addresses associated with the incident, though the full mechanics of how the vulnerability was weaponized remain under investigation.
Thorchain operates as a cross-chain liquidity protocol, and the exploit's reach across four separate networks suggests either a flaw in its bridging mechanism or a vulnerability in how assets are managed across chains. The scale of the loss—affecting users and liquidity pools across disparate blockchains—underscores the systemic risk that exploits on interoperability platforms can pose.
The exact technical vector and whether additional funds remain at risk have not been fully disclosed. Protocol developers and affected users continue to assess the scope of the incident and work toward recovery or mitigation measures.