RUNE suffered a sharp selloff on Friday after reports emerged that decentralized exchange THORChain may have been targeted in a new crypto hack.
Blockchain investigator ZachXBT informed his Telegram followers that the platform was likely exploited in an attack affecting multiple blockchain networks, including Bitcoin, Ethereum, Binance Smart Chain, and Base.
Early estimates suggest the exploit involved more than $10.5 million in stolen assets. Shortly after the initial report, ZachXBT updated the figure, stating the total losses may have increased to approximately $10.7 million.
THORChain has not yet released an official statement regarding the incident. However, the market reaction was immediate as panic spread across X and the broader crypto community.
RUNE, the protocol’s native token, was trading above $0.58 before plunging nearly 15% within minutes. The token dropped to a two week low near $0.50, where buyers briefly stepped in to provide support.
Details surrounding the exploit remain limited at this stage, and the situation is still developing as investigators continue tracking the movement of funds across the affected networks.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
