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Crypto Exchange Hack
‘Unstoppable’ Crypto Exchange Halts Trading After $10 Million Theft
Gizmodo.com·27d ago·neutral
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AI Summary
THORChain, a decentralized crypto exchange protocol, halted trading after a suspected exploit resulted in the theft of approximately $10 million. The company claims that end user funds were not affected by the incident. The halt in trading is a precautionary measure to prevent further potential losses.
THORChain has claimed end user funds were not affected by this incident.
THORChain, a decentralized crypto exchange protocol that functions as a meta layer across multiple blockchains, halted trading on Friday after a suspected exploit resulted in the theft of roughly $10… [+5079 chars]
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Published
May 17, 2026, 07:14 PM
Author
Kyle Torpey
Source
Gizmodo.com
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.