Every Zipp story tagged #THORChain, newest first.
The protocol is back online with every Asgard vault and keyshare re-verified, and native Monero swaps now in test as the next feature on the roadmap.
After $16.5B in cumulative DeFi exploits, the latest THORChain incident is forcing protocols toward the centralised-style controls they once resisted — Aave's rsETH bad debt is the canary.
ZachXBT flagged the cross-chain drain on Tuesday, and the protocol paused trading within hours — the second major halt in a year for a venue positioned as a native-asset swap layer.
Thorchain, the decentralized cross-chain liquidity protocol, has been exploited across at least four major networks —…
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.
The pause and the missing post-mortem are the real story: cross-chain bridges have absorbed more than $2.8B in thefts since 2021, and Thorchain has not yet named the attack vector.
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.
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