Thorchain suffers an attack that drained over 4k Ethereum [ETH] from the blockchain cryptocurrency trading protocol, consistent with an official Thursday posting on the Runebase website.
The firm tweeted that it might provide a “more detailed assessment and recovery steps” soon.
Network administrators wrote earlier within the day in a Telegram posting that the loss was over 3x times that amount but updated the figure. They also wrote that the Thorchain network had been halted while developers investigated the extent of the breach.
“While the treasury has the funds to hide the stolen amount, we request the attacker get in touch with the team to debate return of funds and a bounty commensurate with the discovery,” the administrators added on Telegram.