On Friday, Thorchain, a decentralized cross-chain liquidity protocol, was exploited for approximately $10.8 million, leading to an immediate suspension of all trading and signing operations. The attack affected multiple blockchains, including Bitcoin, Ethereum, Binance Smart Chain (BSC), and Base. Following the exploit, the native token, RUNE, experienced a 12% drop in value. The attacker’s wallets reportedly hold around 3,443 ETH (valued at $7.77 million), 36.85 BTC (approximately $2.97 million), and 96.6 BNB (about $66,000). The governance module of Thorchain activated a trading halt for approximately 12 hours and 42 minutes to mitigate further risks. This incident underscores the persistent vulnerabilities in cross-chain bridges and liquidity protocols, which have collectively suffered thefts exceeding $2.8 billion since 2021, as reported by Chainalysis. As of now, Thorchain has not released a post-mortem analysis explaining how the exploit occurred, leaving users and stakeholders concerned about security in the decentralized finance landscape.