THORChain said a vault compromise led to the theft of more than $10 million in protocol-owned funds, while the network automatically halted signing activity to prevent further losses and protect user funds. The incident follows a series of major crypto thefts, including attacks on Drift and other platforms, highlighting continued pressure on cryptocurrency services. #THORChain #PeckShield #ZachXBT #Drift
Keypoints
- THORChain reported a security incident that resulted in more than $10 million stolen.
- The attack was first identified by PeckShield and ZachXBT.
- More than 36 Bitcoin and about $7 million in other coins were siphoned off.
- THORChain said user funds were safe and only protocol-owned funds were affected.
- The network halted signing activity after detecting abnormal behavior and the investigation is ongoing.
Read More: https://therecord.media/more-than-10-million-stolen-crypto-platform-thorchain