THORChain Halts Trading After $10M Multi-Chain Exploit
A four-chain drain hitting BTC, ETH, BNB and Base layers puts THORChain back on incident-watch — the fourth or fifth security event on a protocol that has been here before.
Sector-wide market analysis: dominance, liquidity, on-chain flows, whale activity, and exchange in/outflows.
A four-chain drain hitting BTC, ETH, BNB and Base layers puts THORChain back on incident-watch — the fourth or fifth security event on a protocol that has been here before.
On-chain investigator @zachxbt flagged the multi-chain drain minutes after the funds started moving; the $10M mark is a live count and likely to climb as the attacker's wallets are tracked.
The single-day buy is small next to the four-week total: an a16z-linked wallet has now stacked 1.71M $HYPE, a signal that the institutional bid for the token is still active rather than rotating out.
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128.9M $USDT (≈128.8M) moved from #Bitfinex to unknown wallet.
128.9M $USDT (≈128.8M) moved from unknown wallet to #Kraken.
The S&P 500's cyclically adjusted P/E is within 5% of the 1999 high — and bitcoin is sitting at roughly half its 2025 peak, the kind of price gap that could pull diversification flows if equity…
A fourth straight day of ETH ETF outflows paired with a clean BTC inflow session shows the institutional bid is still doing the work — just unevenly across products.
200M $USDT (≈199.9M) moved from #Bitfinex to Tether Treasury.
25.2K $ETH (≈56.6M) moved from unknown wallet to Beacon Depositor.
25.2K $ETH (≈56.6M) moved from unknown wallet to Beacon Depositor.
200M $USDT (≈199.9M) moved from Tether Treasury to #Bitfinex.
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