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.
Thorchain suffered an attack that drained about 4,000 ETH from the crypto trading protocol, according to a Thursday posting on the Runebase website.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
