THORChain’s RUNE Token Plunges Double Digits After $10M Exploit, Trading Halt

THORChain halted trading operations Friday greeting aft blockchain information researchers identified a suspected exploit allegedly affecting much than $10 cardinal crossed aggregate blockchain networks.

Blockchain researcher ZachXBT and information steadfast PeckShield traced the suspected breach to 2 main addresses—one connected Bitcoin and another connected EVM-compatible chains including Ethereum, BNB Smart Chain, and Base. The researchers' investigation prompted THORChain's contiguous antiaircraft response.

The protocol's squad has not yet released method details astir the quality of the alleged vulnerability oregon confirmed the researchers' nonaccomplishment estimates. THORChain's autochthonal token RUNE is down 10% connected the time to commercialized astatine $0.5229, per CoinGecko data.

The suspected exploit occurred during a play of elevated enactment connected THORChain. The protocol processed $394 million successful regular measurement erstwhile hackers allegedly utilized it to move stolen funds from the KelpDAO breach betwixt Ethereum and Bitcoin networks.

The protocol suspended its ThorFi lending operations successful January 2025 amid insolvency allegations, implementing a 90-day restructuring to code $200 cardinal successful defaulted obligations.

Last September, THORSwap issued a bounty aft hackers drained $1.2 cardinal from THORChain laminitis John-Paul Thorbjornsen's idiosyncratic wallet, with ZachXBT aboriginal attributing the onslaught to North Korean hackers.

Cross-chain protocols proceed facing blase attacks arsenic hackers exploit analyzable bridging mechanisms. DeFi level TrustedVolumes lost $6.7 million earlier this month, portion North Korean hackers stole $2.1 billion successful cryptocurrency during 2025, representing 60% of each crypto theft losses, according to information steadfast CertiK.