The post Thorchain Hack Drains $10M – ZachXBT Reports appeared first on Coinpedia Fintech News
THORChain, a cross-chain crypto trading protocol, was hit by a major hack that may have stolen over $10 million in digital assets across Bitcoin, Ethereum, BNB Chain, and Base.
The attack sparked panic in the DeFi market, causing THORChain’s native token RUNE to drop more than 14% shortly after the exploit.
ZachXBT Flags Suspicious Multi-Chain Activity
The first warnings came from on-chain investigator ZachXBT, who reported suspicious activity linked to THORChain’s router infrastructure.
According to ZachXBT, attackers moved roughly $7.2 million worth of assets including USDT, USDC, and wrapped Bitcoin across multiple blockchain networks before swapping them into ETH.
The stolen funds were reportedly spread across Bitcoin, Ethereum, BNB Chain, and Base.
Initial estimates suggested losses exceeded $7.4 million, but ZachXBT later updated the figures, saying the total stol
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