Massive Security Breach Hits Prominent Digital Currency, Sending Ripples Through Bitcoin and Wider Crypto Market Amid Steep Value Decline

Hacking incidents continue unabated in the cryptocurrency market. The latest development is that Thorchain ($RUNE) has been attacked.

According to recent news, a critical claim has emerged regarding THORChain, stating that the protocol may have been attacked on Bitcoin ($BTC), Ethereum ($ETH), $BNB Chain, and Base networks. The potential loss is estimated at $10 million.

According to a post by blockchain company Cyvers Alert, the stolen funds include: “USDT, USDC, WBTC, DAI, THOR, LUSD, XRUNE, GUSD, AAVE, LINK, FOX, etc.” All stolen funds are being converted to Ethereum ($ETH) and consolidated into a single address.

PeckShieldAlert stated in its post that approximately $10 million worth of cryptocurrency was stolen from THORChain. This includes 36.75 $BTC ($3 million) and assets worth approximately $7 million from BNBChain, Ethereum, and Base.

Following this news, the price of Thorchain ($RUNE) dropped.

*This is not investment advice.