More than $10 million stolen from crypto platform THORChain

Cryptocurrency platform THORChain said more than $10 million was stolen during a security incident on Friday morning. 

The cyberattack was first identified by blockchain security firm Peckshield and cryptocurrency investigator Zachary Wolk, who goes by the online alias ZachXBT. Around 6 am EST, both reported that more than 36 Bitcoin, worth about $3 million, and another $7 million in other coins was siphoned from THORChain. 

THORChain published its own statement shortly after confirming the incident. “Trading on THORChain is currently halted after a vault was compromised. Initial indications are user funds are safe and only protocol owned funds are affected,” the company said. “The network automatically detected abnormal behavior and halted signing activity, which alerted the broader community and prevented further outbound transactions.”

Read more at The Record