Thorchain launches compensation portal after $10M hack

The Thorchain Foundation, which recently lost approximately $10 million in an exploit, has established a compensation pool of the same amount, Cointelegraph reported. Victims can apply directly for reimbursement. A total of 12,847 wallets on the Bitcoin, BNB Chain, Ethereum, and Base networks are eligible for compensation. Applications will be accepted until June 4, after which any unclaimed funds will be transferred to the protocol's insurance fund.