THORChain, a decentralized on-chain liquidity platform, has recently experienced a massive exploit. In this respect, the attacker has effectively drained up to $10M from THORChain in a multi-chain exploit. As per the data from PeckShieldAlert, this denotes a huge blow to the overall crypto sector. Particularly, the exploiter funneled 36.75 $BTC and $7M in altcoins from Base, Ethereum, and BNB Chain.
#PeckShieldAlert @THORChain has been exploited for ~$10M worth of crypto, including 36.75 $BTC ($3M) and ~$7M worth of assets from #BNBChain, #Ethereum, and #Base.
The stolen funds mainly sit in:
bc1ql4u94klk265lnfur2ujk9p6uh52f2a8jhf6f37… pic.twitter.com/mhWIWueVPK— PeckShieldAlert (@PeckShieldAlert) May 15, 2026
THORChain Hacker Steals 36.75 $BTC
The on-chain statistics disclose that THORChain has gone through a multi-chain exploit that resulted in the drainage of $10M. This included the exploitation of 36.75 $BTC, equaling $3M in total value. In addition to this, the attacker also stole $7M in different digital assets from Ethereum, Base, and BNB Chain. At present, “0xd47…890Bd” and “bc1ql…f6f37” are the two addresses where the attacker is holding the exploited funds.
The development denotes the persistent shortcomings in cross-chain platforms, and the exploiters are targeting them with sophisticated techniques. Currently, the exploiter’s wallets contain $ETH, $BTC, and $BNB. Particularly, they comprise 36.85 $BTC (nearly $2.97M), 96.6 $BNB ($66,000), and 3,443 $ETH ($7.77M).
Crypto Market in Shock after PeckShieldAlert Discloses Huge Exploit
As a result of this incident, the crypto market has shown a notable reaction. Particularly, $RUNE has plunged by a sheer $11.4% over the past 24 hours. Thus, its current price is hovering around $0.5147. This figure accounts for almost 0.0006397 $BTC. Additionally, the 24-hour price range of $RUNE is moving from $0.5125 to $0.5979. Hence, this points toward a staggering rise in price volatility that the breach has triggered.
According to PeckShieldAlert, THORChain’s $10M exploit is not the 1st as the platform has already recovered from several exploits. However, the latest breach has renewed pressure that the community and developers are facing. The notable decline in the value of $RUNE underscores the shaken market confidence while also highlighting the need for a swift recovery action. Overall, the incident serves as a crucial reminder of the DeFi sector’s fragility amid the use of highly sophisticated hacking techniques.