Lookonchain
On-chain investigator ZachXBT has flagged an active exploit targeting THORChain across multiple networks simultaneously, with stolen funds already surpassing $10 million. The attack spans Bitcoin, Ethereum, BNB Smart Chain, and Base, suggesting the attacker is systematically draining liquidity across the protocol's cross-chain routing layer.
THORChain is a decentralised liquidity protocol that enables native cross-chain swaps without wrapped tokens — its multi-chain architecture, while a core feature, also expands the attack surface relative to single-chain DeFi protocols. A breach of this scale puts every active liquidity provider across all four chains at immediate risk.
No official post-mortem or pause announcement has been confirmed at the time of writing. Users with funds deposited in THORChain liquidity pools should monitor official channels closely and consider withdrawing…
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