RUNE Just Plunged 15% Because THORChain Got Hacked (Shocker, I Know)

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Oh fantastic, another Tuesday, another crypto hack that makes me want to delete my MetaMask, burn my hardware wallet, and go work at a dog shelter where the only drama is someone stealing a sausage roll from the break room fridge.

For anyone who’s ever wasted an hour scrolling crypto Twitter (sorry, X, I still forget we’re not allowed to call it that) you’ll know ZachXBT, the on-chain sleuth who finds all the sketchy wallet transfers before the rest of us can even remember our 2FA codes. Dude dropped a massive bomb on his 100,000 Telegram followers just minutes ago: THORChain, that decentralized exchange everyone swore was “unhackable, actually” has absolutely been hit with a new exploit.

And of course the attackers didn’t mess around with small change, did they? They walked away with over $7.4 million, hitting the platform across Bitcoin, Ethereum, Binance Smart Chain, and Base-basically every chain people actually use, no fancy zero-day exploits required, just the good old “crypto security is a myth we all pretend isn’t true” special.

Here’s the stupid part, though: THORChain’s team hadn’t even released a formal statement confirming the hack yet when their native token RUNE decided to throw itself off a cliff. It was trading above $0.58 not even an hour before the news dropped, then plummeted double digits to a two-week low of $0.50, where it’s currently hovering like it’s pausing to see if it can fall even lower before anyone notices. Classic.

This is all breaking news, we’ve got like four total details right now, so if you’re as weirdly invested in this mess as I am (don’t judge me, I bought a tiny amount of RUNE on a whim last week and now I’m emotionally attached to watching it crash, it’s a whole thing) make sure you stick around for updates. I’ll be here, drinking cheap wine and yelling at my phone when the next crypto disaster drops, probably.

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2026-05-15 12:54