# RUNE Related Articles

$10M Gone: Thorchain Exploit Triggers Security Fears Across DeFi

Blockchain tracker Arkham Intelligence has identified wallets linked to a THORChain exploit, holding approximately $3 million in Bitcoin and 216 ETH. On-chain investigator ZachXBT first reported the suspicious activity, estimating total losses now exceed $10 million. The attackers moved assets like USDT, USDC, and wrapped Bitcoin across multiple chains before converting to ETH. The cross-chain trading protocol was hit simultaneously on Bitcoin, Ethereum, BNB Chain, and Base. Security firm PeckShield confirmed the breach. Following the news, THORChain's native token RUNE dropped nearly 14%. The project's team had not issued a public statement at the time of reporting, increasing market anxiety. This incident highlights the recurring vulnerability of cross-chain infrastructure in DeFi, where complex code can create significant security risks. The stolen funds remain in the identified wallets for now.

bitcoinist6h ago