In a short message attached to the transaction, the hacker wrote that there were “multiple critical issues” with Thorchain and that they could’ve taken much more than the $8 million which was stolen today.
Instead, the attacker “wanted to teach [a] lesson” to the developers behind the protocol.
Thorchain hacker included a short message with the transaction input data. Source: Discord
Thorchain is a decentralized crypto exchange, akin to Uniswap, but it allows traders to swap assets that may not exist on the same blockchain. If you want to trade Bitcoin for Ethereum without using a custodian like Coinbase, you can do so using Thorchain. This cross-chain capability, called “Chaosnet,” was fully released on mainnet in April.
Unfortunately, the complexity of Chaosnet and the speed at which the team has rolled this product out has been problematic.
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