Popular on-chain investigator ZachXBT informed his 100,000 Telegram followers minutes ago that the decentralized exchange THORChain appears to have been targeted in a new crypto hack.
Preliminary reports indicate the breach affected multiple networks — Bitcoin, Ethereum, Binance Smart Chain and Base — and the exploited amount is estimated at more than $10.5 million.
There has been no official confirmation from THORChain’s team at the time of this writing. Still, the project’s native token suffered an immediate decline after the news spread on X (formerly Twitter).
RUNE was trading above $0.58 before dropping by double digits to a two-week low near $0.50, where it later found some support.
Details remain limited and the situation is evolving. Monitor official channels and crypto security reports for confirmation, forensic updates and any disclosures regarding affected wallets, vectors of attack, or recovery efforts.
UPDATE 1: Shortly after his initial post, ZachXBT updated the estimated loss to approximately $10.7 million.