The THORChain hack may have stolen more than $10 million from the cross-chain trading protocol. The exploit hit assets across Bitcoin, Ethereum, BNB Chain, and Base. RUNE also fell more than 10% after traders quickly reacted to the latest breach.
The initial alert was reported by an on-chain investigator, ZachXBT. He noted suspicious behavior related to THORChain’s router infrastructure. As per his tracking, attackers transferred over $7.2 million in USDT, USDC, and wrapped Bitcoin over multiple networks.
Also Read: Ethereum Security Targets $1.5 Billion Hack Risk
THORChain Hack Losses May Exceed $10M
The funds were later swapped into ETH. ZachXBT first estimated losses above $7.4 million. He later updated the figure and said the total stolen amount from the THORChain hack may now exceed $10 million.
Blockchain security firm PeckShield also reported the attack. It estimated that attackers stole about 36.75 BTC, worth nearly $3 million. The firm also tracked another $7 million in assets from the Ethereum, BNB Chain, and Base ecosystems.
The suspicious wallets were tracked by Arkham Intelligence data. It tagged the addresses as “THORChain Exploiter” when moving funds. Arkham data revealed that one Bitcoin-linked wallet currently holds close to 36.85 BTC, worth around $3 million.
An additional wallet, also linked to the Ethereum address, held approximately 216 ETH. The majority of stolen assets are still linked to wallets bc1ql4…f6f37 and 0xd4…890Bd. Market participants monitored the THORChain hack as users awaited more clarity.
RUNE Drops After THORChain Exploit Reports
The market reaction was immediate. Within hours, RUNE had plunged by approximately 10% and was heading toward the $0.53 price range as per CoinMarketCap. Traders reduce exposure to the market on news of the exploit.
The absence of official communication in the immediate term heightened speculation. Earlier exploits have occurred on THORChain that were also mitigated using treasury reserves. However
The THORChain hack comes as DeFi faces broader security issues. Over 40 crypto protocols are closed as of 2026. Immunefi and DeFiLlama data show hackers stole more than $770 million so far this year.
The scale of the losses has become evident in April. Drift Protocol and KelpDAO together accounted for losses exceeding $600 million. April 2026 also saw the highest number of crypto hacks in history.
