THORChain Suffers $10M Exploit, RUNE Token Plunges and Halts Trading
THORChain Suffers $10M Exploit, RUNE Token Plunges and Halts Trading
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THORChain's native RUNE token experienced a double-digit plunge and subsequent trading halt after the liquidity protocol confirmed a suspected $10 million breach across its networks. Operations were temporarily suspended following the exploit.
THORChain Exploit Leads to RUNE Plunge and Trading Halt
The THORChain liquidity protocol has been forced to halt operations after blockchain researchers identified a suspected $10 million breach impacting multiple networks. This significant exploit immediately triggered a double-digit drop in the value of THORChain's native token, RUNE, prompting an urgent trading halt to be put in place as the team investigates the security incident.