THORChain Team Identifies Vulnerability Vectors After Suspected $11 Million Exploit Across Multiple Chains

THORChain appears to have been exploited across multiple chains including Bitcoin, Ethereum, BSC, and Base, according to on-chain investigator @zachxbt. The suspected exploit resulted in losses estimated at $11 million, according to one report that tracked associated wallet activity. The incident was flagged on May 15, 2026.

THORChain is a decentralized cross-chain liquidity protocol that enables swaps between different blockchain assets without relying on centralized intermediaries. The protocol has processed billions of dollars in volume since its launch. According to reporting on the incident, the THORChain team has rapidly identified the vulnerability vectors and is implementing targeted fixes to restore full cross-chain functionality.

One outlet reported that the RUNE token tumbled 13% following the news of the suspected exploit. The precise method of the suspected exploit was not detailed in initial on-chain reports. No official confirmation from the THORChain team had been issued by the time of the earliest reports citing @zachxbt.