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

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.