Thorchain confirmed a suspected multichain exploit on May 15 that drained about $10 million from users across several networks. The protocol activated emergency halts and has now launched a recovery portal for affected wallets.
The incident hit 12,847 wallets on Bitcoin, Ethereum, BNB Chain, and Base, with later assessments expanding the scope to nine chains including Avalanche, Dogecoin, Litecoin, Bitcoin Cash, and XRP. Losses were revised upward from an initial $7.4 million estimate to more than $10.7 million, and TRM Labs placed the total near $11 million. No public attribution of the attacker has been made so far.
