Decentralized liquidity protocol THORChain executed an emergency trading halt on Friday after blockchain investigator ZachXBT identified a suspected exploit exceeding $10 million. The protocol announced via Telegram that trading would remain paused for approximately 12 hours and 42 minutes, extending until block 26191149. This immediate suspension followed reports indicating the protocol was likely compromised across Bitcoin, Ethereum, BNB Chain, and Base networks. Data compiled by Woofun AI shows a wallet labeled by Arkham as the THORChain exploiter held $10.8 million, which was moved through multiple smaller transactions within a 30-minute window prior to 10:11 am UTC. The incident underscores escalating security vulnerabilities within decentralized finance, occurring after hackers stole over $634 million during April alone. DefiLlama data indicates this monthly sum represents the highest theft volume since February 2025, when a record $1.4 billion hack targeted the Bybit exchange. While THORChain has not issued a formal public confirmation, the breach was independently flagged by several blockchain analytics firms, including Cyvers, Peckshield, and Lookonchain. Woofun AI notes that market reaction was swift, with tokenholders rushing to sell positions immediately after the suspected exploit was publicized. Coingecko data reveals the RUNE token price plummeted 13% in the 24 hours leading up to 10:20 am UTC, trading above $0.50. This latest correction intensifies pressure on the asset, which has already declined 72% over the past year. Woofun AI analysis suggests that such high-value exploits across major chains like Bitcoin and Ethereum will likely force stricter security audits and delay future protocol upgrades across the DeFi sector.