Share this article
Blockchain Protocol Thorchain Loses 4K Ether in Attack
The company said it will provide a more detailed assessment of the breach soon.
By James Rubin
Updated Sep 14, 2021, 1:26 p.m. Published Jul 16, 2021, 12:38 a.m. 1 min read
Thorchain suffered an attack that drained about 4,000 ETH from the crypto trading protocol, according to a Thursday posting on the Runebase website.
The company tweeted that it would provide a "more detailed assessment and recovery steps" soon.
At this stage the estimate is around ~4000 ETH worth of assets (ETH/ERC20) was taken, not 13k ETH.
— THORChain #BRINGBACKMCCN (@THORChain) July 15, 2021
More detailed assessment and recovery steps will be announced soon.
The users who suffered (LPs) will be made whole in the coming weeks. https://t.co/LR2x8VZ2kx
Network administrators wrote earlier in the day in a Telegram posting the loss was more than three times that amount but updated the figure. They also wrote that the network had been halted while developers investigated the extent of the breach.
"While the treasury has the funds to cover the stolen amount, we request the attacker get in contact with the team to discuss return of funds and a bounty commensurate with the discovery," the administrators wrote on Telegram.
Read more: Thorchain Is Ready to Grease the Wheels of Crypto-to-Crypto Trading
More For You
The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.
What to know:
- NEAR token climbed 15% over 24 hours to $2.8, extending a month-long rally that has nearly doubled its price (up 90%).
- The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees.
- Investors are anticipating a June...
Top Stories
