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$7.2 million, THORChain router hacked.
Cyvers detected abnormal transactions across multiple networks including Bitcoin, Ethereum, BSC, and Base, involving over ten assets such as USDT, USDC, WBTC, DAI, all exchanged into ETH and then consolidated into the same address.
This is not the first time THORChain has been hacked.
This protocol handles cross-chain liquidity—you transfer from Bitcoin to Ethereum, and THORChain manages the routing. Once the router is compromised, the assets flowing through become the hacker’s withdrawal machine.
What’s interesting this time is the "assets unified into ETH."
Why ETH? First, liquidity is good, making it easy to dump. Second, mixers support ETH most maturely. Third, there are many on-chain tools for ETH, making it easier to disperse funds.
From BTC to BSC to Base, four networks were exploited simultaneously—this indicates it’s not a single smart contract vulnerability, but that the permissions at the router level were compromised.
"Cross-chain bridges" and "cross-chain routers" are always hackers’ favorites. #Gate广场五月交易分享 $RUNE