THORChain, a decentralized cryptocurrency exchange protocol, has been targeted in a security breach resulting in approximately $1.2 million in losses. The attack exploited a vulnerability within the platform’s code, causing funds to be siphoned off by an attacker. While the investigation into the incident is ongoing, THORChain developers have halted affected services and initiated a comprehensive post-mortem analysis. Affected users are being notified about the situation. The team aims to restore security and protect assets while also considering additional measures such as reimbursement plans or protocol upgrades once the investigation concludes. The community awaits further updates from the THORChain team.