kashif_ali

#THORChainHackCauses$10.7MLoss — Full Breakdown & Which Coins Are Affected! Another day, another DeFi exploit. THORChain just got rekt — and this one hits differently. Here's everything you need to know 👇 🔍 WHAT HAPPENED? THORChain paused ALL trading after blockchain security researchers ZachXBT and PeckShield flagged a suspected exploit spanning Bitcoin, Ethereum, BNB Smart Chain, and Base — with confirmed losses of over $10.7 million in protocol-owned funds. The Block Stolen assets included USDT, USDC, WBTC, DAI, AAVE, LINK, THOR, LUSD and more — all swapped into ETH and consolidated into a single wallet. Bitcoin Foundation 🔴 BAD NEWS FOR — $RUNE THORChain's native token RUNE fell approximately 12% immediately following the news, with the attacker's wallets holding roughly 3,443 ETH, 36.85 BTC and 96.6 BNB. Trust in the protocol is badly damaged — again. This is not RUNE's first rodeo either. THORChain suffered several multimillion-dollar exploits back in 2021, and has repeatedly emerged as a cross-chain laundering route in unrelated hacks. CoinDeskBanklessTimes 🔴 BAD NEWS FOR — DeFi & Cross-Chain Projects THORChain previously processed $800M in volume over 36 hours as North Korea's Lazarus Group used the protocol to launder $175M in stolen ETH from the KelpDAO exploit into Bitcoin. The community is now asking hard questions about why emergency shutdown powers are only used when the protocol itself is at risk. This puts ALL cross-chain bridge projects under the microscope. Expect regulators to take note. Coinstelegram 🟡 NEUTRAL — $BTC, $ETH The hacker converted everything into ETH and BTC — classic exit move. No direct price impact, but continued exploits add selling pressure to overall market sentiment. 🟢 GOOD NEWS FOR — Centralized Exchanges & Audited Protocols Every major DeFi hack pushes scared liquidity toward trusted CEXs and battle-tested protocols. Platforms with strong security track records benefit from DeFi's trust deficit. $BTC $ETH $RUNE