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Thorchain Attack Drains Protocol of $25 Million in Ethereum
Summary: Thorchain has been struck by an attack that drained about 13,000 ETH ($25.1 million) from the protocol. It said that users' funds "will be available when the issue has been patched & the network resumes." In the meantime, it said, "The network has been halted." "While the treasury has the funds to cover the stolen ...
Thorchain has been struck by an attack that drained about 13,000 ETH ($25.1 million) from the protocol. It said that users' funds "will be available when the issue has been patched & the network resumes." In the meantime, it said, "The network has been halted."
"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," network administrators wrote in the community's Telegram group.
Thorchain is a protocol for trading crypto assets, such as Bitcoin and Ethereum, across different blockchains without using a middleman.
By Amy Liu
Tags: Attack,Ethereum,THORChain
Link: Thorchain Attack Drains Protocol of $25 Million in Ethereum [Copy]
