Thorchain has been hit by another exploit, this time costing around $8 million, Thorchain confirmed to CoinDesk on Thursday.
- Thorchain also told CoinDesk a hacker deployed a custom contract that was able to trick the Bifront into receiving a deposit of fake assets.
- The network then processed a refund to them of real assets.
- Thorchain told CoinDesk it was more fair to describe the incident as a “grey hat” exploit rather than a white hat one.
- Last week, the protocol was drained of around 4,000 ether in a separate incident.
This story is still developing and will be updated accordingly.
Source: Coindesk
