Short News View Non-AMP

Thorchain Exploit Drains $7.4M Across Bitcoin, Ethereum, BSC, and Base

Published by
Nidhi Kolhapur

THORChain halted trading after blockchain investigator ZachXBT linked a multichain exploit to losses potentially exceeding $10 million across Bitcoin, Ethereum, BSC, and Base. Early tracking shows roughly 37 BTC and 216 ETH drained into monitored wallets, intensifying pressure on RUNE as investors assess fallout. The cross-chain liquidity protocol, already criticized for laundering exposure, now faces renewed scrutiny over security and governance. Recovery efforts and a formal team statement remain pending, while analysts warn additional losses or copycat attacks could emerge.


Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Bitcoin Short Liquidation Hits $2.74B as BTC Price Surges Above $69,000

Bitcoin jumped above $69,000, returning to levels last seen around its 2021 peak, as a…

August 20, 2026

Why Did Bitcoin Jump Today?

Bitcoin price is rising today as investors respond to a more crypto-friendly U.S. policy outlook…

August 20, 2026

Why Bitcoin & Ethereum Prices Suddenly Surged Today—Should Traders Be Cautious?

After a prolonged consolidation, the crypto market witnessed a sharp upswing that pushed the Bitcoin…

August 20, 2026

Top Crypto Coins in Focus: Bonk Volume Surges 37%, Dogecoin Holds $11.99B Market Cap, Apeing Set to Open Its 100X Presale

While a meme coin trader was turning $120 into $205,000 off a viral Chinese animated…

August 20, 2026

Ethereum Price Prediction Ignites as Morgan Stanley Quadruples ETH Bet, Pepeto Eyes 100x to 300x

The Ethereum price prediction just received a signal that is difficult to overlook. Morgan Stanley…

August 20, 2026

XRP Rises 10% As Garlinghouse Joins Trump at White House Crypto Summit

Ripple CEO Brad Garlinghouse joined President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael…

August 20, 2026