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Thorchain halts trading after $10 million cross-chain exploit, RUNE token drops 12%

CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data·
Thorchain halts trading after $10 million cross-chain exploit, RUNE token drops 12%
AI Analysis

Thorchain has suspended trading following a $10 million exploit affecting its cross-chain functionality, resulting in a 12% drop in the value of its RUNE token. This incident raises concerns about the security of decentralized finance platforms and could impact investor confidence in the sector.

Key Topics

ThorchainRUNEDeFicross-chain

Originally reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data. Read the full article ↗

Thorchain halts trading after $10 million cross-chain exploit, RUNE token drops 12% | AI Crypto Daily Wire