THORChain pauses trading as security researchers flag suspected $10M multi-chain exploit

60-second summary

THORChain immediately pauses trading as security researchers flag a suspected $10 million multi-chain exploit affecting Bitcoin, Ethereum, BNB Smart Chain, and Base, potentially compromising user funds. The exploit's scope and impact are still being assessed, with THORChain's team working closely with security experts to contain and mitigate the situation, ensuring investor safety and trust in the decentralized finance (DeFi) ecosystem.