Thorchain suspended trading for about 12 hours after blockchain researcher ZachXBT flagged a suspected $10 million exploit across multiple networks. The liquidity protocol took the action following the alert on a potential breach. Its native RUNE token fell by double digits in response.
The halt came after researchers identified signs of unauthorized activity on the decentralized finance platform. Trading resumed once the immediate concerns were addressed, though details on any funds lost remain limited at this stage.
