Thorchain, the decentralized cross-chain liquidity protocol, has been exploited across at least four major networks — Bitcoin, Ethereum, BNB Smart Chain, and Base — with losses exceeding $10 million, according to on-chain investigator ZachXBT.
The multi-chain nature of the attack is the detail that stands out: hitting four separate networks simultaneously suggests either a vulnerability in Thorchain's core routing logic or a coordinated exploit of a shared component across its chain integrations. Cross-chain bridges and liquidity aggregators have historically been the highest-value targets in DeFi, and Thorchain's architecture — which holds native assets rather than wrapped equivalents — means real BTC, ETH, and BNB are at risk.
No official post-mortem or patch confirmation has been issued at time of writing. Users with active liquidity positions or pending swaps on Thorchain should…
Frequently asked questions
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What vulnerabilities in Thorchain allowed the exploit to occur?
The exploit suggests a vulnerability in Thorchain's core routing logic or a coordinated attack on a shared component across its chain integrations.
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How does the architecture of Thorchain affect the risk of such attacks?
Thorchain's architecture holds native assets rather than wrapped equivalents, making real BTC, ETH, and BNB more susceptible to attacks.
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