A personal cryptocurrency wallet belonging to THORChain co-founder John-Paul Thorbjornsen was targeted in a $1.2 million exploit via social engineering and deepfakes. While the THORChain protocol and user funds remain unaffected, this incident emphasizes the vulnerability of individual cryptocurrency wallets within the decentralized finance (DeFi) ecosystem. A phishing scam led to the theft of cryptocurrency assets, prompting discussions about enhanced security measures for both individuals and platforms. 1.2 million dollars were redirected via a decentralized exchange, as reported by blockchain analytics firm, Glassnode. Recovery efforts are underway, with leaders seeking compensation from the perpetrators. Experts highlight this incident’s significance in raising awareness of cybersecurity vulnerabilities and urging more robust protection strategies for users.