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Tuesday

27 July 2021

$5M in Ethereum Lost in THORChain Exploit | Crypto Briefing

$5M in Ethereum Lost in THORChain Exploit | Crypto Briefing


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Aside from the liquidity providers who had locked ETH in the network, THORChain investors have also been hard hit: RUNE, the protocol’s native token, is down 14.9% at the time of writing, trading under $5 for the first time since March. .

THORChain has since explained that the attack only affected ETH liquidity providers.

As the attacker paid high slippage fees, THORChain said, nodes, arbitrageurs, and liquidity providers for ERC-20 tokens should profit from the attack. .

THORChain paused the network last night and confirmed that it would donate funds to the ETH pool to restore those the liquidity providers lost

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