Crypto Chaos! THORChain Lost Over $10M – Investigator Unleashes Graveyard of Greed!

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Blockchain sleuth ZachXBT, stumbling upon a multi‑chain massacre spanning Bitcoin, Ethereum, BSC and Base, has declared a scarily tidy loss.

A quick recap, because even in the world of crypto one prefers a well‑structured drama:

  • ZachXBT estimates the thievery to exceed $10 million across our favourite ledgers.
  • THORChain, ever the disciplined diva, paused trading and issued a global emergency halting order after the treasonous news spread like a gossip column.
  • RUNE, the darling of the marketplace, nosedived by roughly 15% as furious investors and hopeful participants held their collective breath.

Early whispers pegged the loss at a respectable $7.4 million; the accumulator later admitted a more dramatic figure of at least $10 million.

He also tossed a sarcastic challenge at a third‑party distributor who had re‑posted the warning without checking the numbers. “You can tell because they did not verify the figures themselves/kindly chained,” ZachXBT noted, gently reminding everyone that the estimation is still awaiting the final audit stamp.

THORChain pauses trading

In the spirit of theatrical caution, THORChain halted all trading activity. The network, mimicking a perfectly rehearsed concert, paused to ensure every footfall on the ledger was scrutinised. The halt remained in place while the crew rehearsed an alternative routine-an emergency stop to keep the crisis from spiralling into a full-blown catastrophe.

Its own security documentation treats the HaltTrading setting as the equivalent of a stage come‑to‑silence: no trading, no shouts, no interloper cries. The core blockchain and RUNE transactions are allowed to continue-like the understudy steps in for the lead when the director gives a silent nod.

Notably, RUNE followed the tracer’s pointer and slipped down in the slimmest of descents-twelve to fifteen percent-zooming from merely above $0.58 to a dainty $0.50 in a matter of minutes after ZachXBT’s crier‑cry.

Market trackers later confirmed RUNE at $0.58 just before the panicked sell‑off, trading volume at a respectable $32.46 million and a market cap hovering around $204.88 million-before the drop permeated the entire ecosystem. Of course, the token remains about 70% shy of its all‑time peak from a year ago.

THORChain already faced exploit‑linked scrutiny

Whoa, what? Historically, THORChain has been in the crosshairs of multi‑chain mischief. April’s report had shown funds from the $290 million Kelp DAO breach trickled through THORChain and Umbra, with attackers guzzling about $175 million in ETH across fresh addresses.

And now, with this fresh spectacle, ZachXBT also pounced on Circle for its perceived sluggish response to the $285 million Drift Protocol fallout-further fanfare in the ongoing debate on how swiftly custodians should react when the crypto‑silverware is stirred.

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2026-05-15 13:50