Cross-chain drain of about $11M forces THORChain emergency halt and sends RUNE tumbling
THORChain halted trading after an attacker drained roughly $10.7–11 million across Bitcoin, Ethereum, BSC and Base, sending RUNE sharply lower [2][3][1].
THORChain paused all trading and signing and triggered a global emergency halt after an attacker drained roughly $10.7–10.8 million from the protocol across Bitcoin, Ethereum, Binance Smart Chain (BSC) and Base, according to on-chain investigator ZachXBT and reporting by CoinDesk [1] [2].
The exploit knocked the project’s native token RUNE sharply lower: Crypto Briefing reported a 13% tumble, CoinDesk cited a roughly 12% drop, and other outlets reported declines in the mid-teens as the news spread [3] [2] [4] [5].
On-chain data referenced by Blockonomi and other investigators show the attacker moved funds across multiple chains and that wallets holding ETH, BTC and BNB were identified; THORChain had not published a detailed post‑mortem at the time of reporting and the team implemented the emergency halt while the community investigated [4] [1] [2].
The incident is under investigation and the protocol remains paused; analysts warned that repeated security breaches could undermine user trust and broader adoption if not addressed [3].
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Citations
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- 1ZachXBT Confirms THORChain Drained for $10.7M Across Bitcoin, Ethereum, BSC, and BaseBlockonomi• May 15, 2026
- 2Thorchain halts trading after $10 million cross-chain exploit, RUNE token drops 12%CoinDesk• May 15, 2026
- 3THORChain loses $11 million in suspected exploit as RUNE tumbles 13%Crypto Briefing• May 15, 2026
- 4THORChain Hack Triggers 15% Slide in RUNE PriceBlockonomi• May 15, 2026
- 5RUNE Plunges by 15% as THORChain Falls Victim to New Hack: ZachXBTCryptoPotato• May 15, 2026
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