- THORChain was reportedly exploited for roughly $11 million across multiple blockchains
- Trading on the protocol was paused following the suspected attack
- RUNE fell nearly 13% as investors reacted to another major security incident
THORChain appears to have suffered another major security breach after on-chain investigator ZachXBT reported suspicious outflows totaling roughly $11 million across Bitcoin, Ethereum, Binance Smart Chain, and Base. Following the incident, trading on the decentralized cross-chain liquidity protocol was paused while the team investigated the situation.
The project had not publicly responded to the exploit reports at the time of writing, though market reaction arrived quickly. RUNE dropped around 13%, sliding from roughly $0.58 to near $0.50 as traders rushed to de-risk exposure.
Another Security Setback for THORChain
The latest incident adds to a growing list of security problems tied to THORChain over the past several years. One of the protocol’s earliest major exploits occurred in July 2021, resulting in losses estimated around $5 million from liquidity pools.
Later that same year, another attack during the ChaosNet phase drained roughly 4,000 ETH tied to Ethereum liquidity operations before treasury funds were used to reimburse affected users. More recently, THORChain also experienced another exploit in 2025 that reportedly caused around $1.2 million in damages.
Cross-Chain Protocols Remain High-Risk Targets
Cross-chain liquidity protocols remain some of the most difficult systems to secure in decentralized finance because they interact with multiple networks simultaneously. That complexity often creates additional attack surfaces for hackers looking to exploit vulnerabilities across bridges, validators, liquidity pools, or transaction routing systems.
For now, investigators continue tracking wallet activity connected to the suspected exploit while traders wait for an official statement from the THORChain team. The incident also adds fresh pressure on DeFi protocols as security concerns continue weighing heavily across the sector.
