THORChain was exploited today by an XMR-funded wallet that used Wagyu XYZ to swap prior to stealing ~$10M from THORChain's decentralized vaults.
The THORChain teams, community and node operators are still dissecting the information to find out exactly what happened.
JP (co-founder of THORChain) said he believes its a TSS (threshold signature) attack from a malicious node operator.
The stolen BTC, ETH and BNB have not moved yet. The majority of the stolen funds are ~$7.5M worth of ETH.
I wrote a full blog post on this if you're curious on the details: https://x.com/khalkaz/status/2055312723739619656 Full Disclosure: I also build LeoDex and THORChain is one of the 107+ DEXes we support for routes. THORChain Trading is currently paused.
Another DeFi Protocol Hacked. THORChain Exploited for $10M Today by an XMR-Funded Wallet
byu/Accomplished-Eye5567 inethtrader
Posted by Accomplished-Eye5567