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THORChain (RUNE) has suffered another heist in the space of one week. The hackers succeeded in stealing $8 million worth of crypto assets from the decentralized exchange and have suggested a 10 percent bounty, according to a Twitter thread on July 23, 2021.<\/strong><\/p>\n Barely seven days after THORChain, a cross-chain decentralized finance protocol <\/span>suffered<\/span> a $7.6 million attack, the platform has been targeted again by hackers but this time, $8 million has been stolen from the decentralized exchange (DEX).<\/span><\/p>\n According to a Twitter thread by the THORChain team, the latest $8m hack on its ETH Router seems to have been orchestrated by a whitehat hacker, as the perpetrators deliberately limited the impact of the heist, while also advising the team to implement a 10 percent bounty.<\/span><\/p>\n The hacker\u2019s note in the transaction input data reads:<\/span><\/p>\n \u201cCould have taken ETH, BTC, LYC, BNB, and BEP20s if waited. Wanted to each [a] lesson on minimizing damage. Multiple critical issues. A 10 percent VAR bounty would have prevented this. Disable [chain] until audits are complete. Audits are not nice to have. Do not rush code that controls 9 figures.\u201d<\/strong><\/p>\n<\/blockquote>\n While the THORChain team has been <\/span>working<\/span> round the clock to patch the bugs in the protocol since the first attack, the latest heist has indeed made it clear to the team that their hard work is not just enough.\u00a0<\/span><\/p>\n Against that backdrop, the team has made it clear that it plans to implement the 10 percent bug bounty program requested by the hacker, and it will also halt support for ETH until it is extensively peer-reviewed.\u00a0<\/span><\/p>\n \u201cIt is a tough time for the community and project, and the pain is real. The treasury has the funds to cover, but it\u2019s time to slow down. THORChain is too important not to deliver on. The complexity of the state machine is its Achilles heel, but this can be solved with more eyes on, as well as a rethink in developer procedures and peer-review,\u201d the team added.<\/strong><\/p>\n<\/blockquote>\n<\/span>THORChain Targeted Again<\/strong><\/span><\/h2>\n
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<\/span>More Work Needed\u00a0<\/strong><\/span><\/h2>\n
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