Cross-chain DeFi protocol ThorChain suffered an exploit in the early hours, resulting in the loss of $8 million.
At present, details of the incident are still under investigation. But devs believe this to be a “whitehat” attack. Meaning, it was done to highlight security vulnerabilities. As such, the team is hopeful for a return of funds.
THORChain has suffered a sophisticated attack on the ETH Router, around $8m. The hacker deliberately limited their impact, seemingly a whitehat.
ETH will be halted until it can be peer-reviewed with audit partners, as a priority.
LPs in the ERC-20 pools will be subsidised.
— THORChain (@THORChain) July 23, 2021
Nonetheless, as the second such attack in a week, serious questions are being asked over the safeguards in place.
ThorChain under fire
According to Thorchain, the attacker’s point of attack centered around exploiting a vulnerability on the “ETH Router.”
“THORChain has suffered a sophisticated attack on the ETH Router, around $8
Źródło: https://cryptoslate.com/defi-darling-thorchain-rune-suffers-8m-hack-its-second-in-a-week/
