THORChain’s RUNE Token Plunges Double Digits After $10M Exploit, Trading Halt
THORChain halted trading operations after researchers uncovered a suspected exploit involving over $10 million across several blockchain networks, including Bitcoin, Ethereum, BNB Smart Chain, and Base. Security firms traced the breach to two primary addresses. The majority of stolen funds included $3 million in BTC and $7 million from EVM-compatible chains. THORChain has not yet disclosed full technical details or confirmed loss figures. The incident occurred amid high trading activity, with $394 million in daily volume, as hackers reportedly moved funds connected to the KelpDAO breach. THORChain previously paused lending operations in January 2025 due to insolvency and significant defaults. Its token, RUNE, fell 10% following the news. DeFi cross-chain protocols remain targeted by sophisticated attacks; in 2025, North Korean hackers accounted for $2.1 billion in crypto theft, 60% of total losses according to CertiK.
