Make CryptoSlate preferred on THORChain’s suspected multichain exploit and emergency halt on May 15 has turned into another DeFi security incident, and another test of cross-chain trust.Emergency controls moved through chain-specific halts, Halt All Trading, Halt Signing, Halt Chain Global, Halt Churning, and repeated global node-pause updates.One public alert described the likely exploit affecting Bitcoin, Ethereum, BSC, and Base, resulting in more than $10.7 million in losses, revised from an earlier $7.4 million estimate.Another security estimate put the loss near $10 million, including 36.75 BTC and about $7 million across BNB Chain, Ethereum, and Base.The chain scope was later expanded in a TRM Labs assessment, which reported that the attacker drained...
Make CryptoSlate preferred on THORChain’s suspected multichain exploit and emergency halt on May 15 has turned into another DeFi security incident, and another test of cross-chain trust.Emergency controls moved through chain-specific halts, Halt All Trading, Halt Signing, Halt Chain Global, Halt Churning, and repeated global node-pause updates.One public alert described the likely exploit affecting Bitcoin, Ethereum, BSC, and Base, resulting in more than $10.7 million in losses, revised from an earlier $7.4 million estimate.Another security estimate put the loss near $10 million, including 36.75 BTC and about $7 million across BNB Chain, Ethereum, and Base.The chain scope was later expanded in a TRM Labs assessment, which reported that the attacker drained...
