THORChain Suffers $1.2 Million Exploit, According to PeckShieldAlert

PeckShield reported that the decentralized liquidity protocol THORChain was exploited in an attack, leading to losses of approximately $1.2 million.

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Summary

PeckShield confirmed that THORChain, a decentralized liquidity protocol, was exploited in an attack causing losses of around $1.2 million. The security firm disclosed the incident without providing further details on the method of the exploit or the parties involved.

Terms & Concepts
  • THORChain: A decentralized liquidity protocol that enables asset swaps across different blockchain networks without a central intermediary.