DEGEN WIRE

← THE WIRE // COINDESK.COM // 1H AGO // Crypto

THORCHAIN EXPLOITED FOR $10.8M — RUNE CRASHES 12% AS TRADING HALTS

THORChain's cross-chain bridge exploited for $10.8M in crypto losses, triggering a 12% RUNE dump and immediate trading halt. The vulnerability exposed a key weakness in decentralized finance infrastructure just as institutional capital continues testing DeFi's security boundaries.

Major cross-chain exploit with specific dollar loss, token price impact, and immediate market consequences.

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