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Crypto Exchange Hack
THORChain proposes recovery plan after May 15 exploit, no new RUNE minted
Crypto Briefing·22d ago·neutral
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THORChain's recovery plan without token dilution could set a new standard in DeFi, emphasizing security and investor confidence over inflationary fixes. The post THORChain proposes recovery plan after May 15 exploit, no new RUNE minted appeared first on Crypt…
The cross-chain protocol's ADR028 recovery proposal absorbs $10.7 million in losses through Protocol-Owned Liquidity rather than diluting existing token holders. THORChain lost roughly $10.7 million … [+6300 chars]
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Published
May 22, 2026, 03:20 PM
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Editorial Team
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Crypto Briefing
Frequently asked · Crypto Exchange Hack
What is the largest cryptocurrency hack recorded to date?
The largest hack occurred in February 2025, when $1.5 billion in ether was stolen from a Bybit cold wallet.
Why are cryptocurrency exchanges frequent targets for hackers?
Exchanges are major targets because they often hold large amounts of digital assets in hot wallets or through smart contracts that can be exploited by hackers.
What measures can investors take to protect their cryptocurrency?
Safety recommendations include keeping cryptocurrencies in offline cold storage when not actively trading and avoiding custodial accounts that lack insurance.