THORChain Confirms $10 Million Exploit, Launches Recovery Portal

THORChain has confirmed a $10 million exploit and initiated a recovery portal with a treasury-funded refund pool matching the exploit's size. According to NS3.AI, the attackers drained 36.75 BTC and approximately $7 million in tokens across BNB Chain, Ethereum, and Base, impacting 12,847 wallets. Affected users have a 21-day period to submit claims before the refund window closes on June 4.