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15 May 2026, 09:49

RUNE Plunges by 15% as THORChain Falls Victim to New Hack: ZachXBT

Popular on-chain investigator ZachXBT updated his 100,000 followers on Telegram minutes ago that the popular decentralized exchange THORChain has likely become a victim of a new crypto hack. The reported attack appears to be for over $7.4 million, as the platform was exploited on Bitcoin, Ethereum, Binance Smart Chain, and Base. Although there has been no official confirmation from THORChain’s team as of the time of this point, the project’s native token plummeted immediately after the news spread on X. RUNE traded above $0.58 before it crashed by double-digits to a two-week low of $0.50, where it found some support. RUNEUSD. Source: CoinGecko This is a breaking story with few details at the moment, so make sure to follow for additional information in the following hours. The post RUNE Plunges by 15% as THORChain Falls Victim to New Hack: ZachXBT appeared first on CryptoPotato .

15 May 2026, 05:10

British Pound Holds Near One-Week Low vs Yen as Technical Support at 212.00 Weakens

BitcoinWorld British Pound Holds Near One-Week Low vs Yen as Technical Support at 212.00 Weakens The British Pound continues to trade near a one-week low against the Japanese Yen, with technical indicators suggesting the currency pair remains vulnerable below the psychologically important 212.00 level and the 100-day Simple Moving Average (SMA). GBP/JPY Technical Breakdown The GBP/JPY pair has been under sustained selling pressure in recent sessions, driven by a combination of factors including a broadly stronger Yen and persistent concerns over the UK economic outlook. The pair is currently trading just above the 212.00 handle, a level that has historically acted as both support and resistance. A sustained break below this level could open the door for further declines toward the 210.00 region, a key psychological and technical support zone. The 100-day SMA, currently situated near the 212.00 mark, is also being tested. A close below this moving average would be a bearish signal, confirming that the short-term trend has turned negative. The Relative Strength Index (RSI) is hovering near 45, indicating bearish momentum but not yet oversold territory, leaving room for further downside. Why This Matters for Traders For currency traders, the 212.00 level and the 100-day SMA represent a critical inflection point. A decisive break below these levels would likely trigger stop-loss orders and attract new short positions, accelerating the decline. Conversely, a bounce from this area could signal that the selling pressure is exhausted and that buyers are stepping in to defend the support zone. The Yen has been strengthening across the board, supported by safe-haven demand amid global economic uncertainty and expectations that the Bank of Japan may continue to normalize its monetary policy. Meanwhile, the Pound remains under pressure from weak UK economic data and uncertainty surrounding the government’s fiscal plans. Key Levels to Watch Resistance: 213.50 (recent high), 214.00 (psychological level) Support: 212.00 (100-day SMA and psychological level), 210.00 (major support) Trend: Bearish in the short term; neutral to bearish in the medium term Conclusion The British Pound’s vulnerability below the 212.00 level and the 100-day SMA is a clear signal for traders to exercise caution. The next few trading sessions will be crucial in determining whether the pair can find support or if further losses are in store. Traders should monitor UK economic data releases and any shifts in risk sentiment that could impact the Yen’s safe-haven appeal. FAQs Q1: What is the 100-day SMA and why is it important for GBP/JPY? The 100-day Simple Moving Average is a widely followed technical indicator that smooths out price data over the past 100 trading days. It is used by traders to identify the medium-term trend. A break below this level is considered bearish, as it suggests the trend has shifted to the downside. Q2: Why is the Japanese Yen strengthening against the Pound? The Yen has been supported by safe-haven demand amid global economic uncertainty and expectations that the Bank of Japan may raise interest rates. In contrast, the Pound has been weighed down by weak UK economic data and fiscal concerns. Q3: What could trigger a recovery in GBP/JPY? A recovery could be triggered by stronger-than-expected UK economic data, a shift in risk sentiment away from safe-haven currencies, or a decisive bounce from the 212.00 support level. Traders will also watch for any dovish signals from the Bank of Japan. This post British Pound Holds Near One-Week Low vs Yen as Technical Support at 212.00 Weakens first appeared on BitcoinWorld .

14 May 2026, 16:59

Kraken moves $292 million to chainlink CCIP after hack

🚨 Kraken moves $292 million to Chainlink CCIP after a major hack. All of the exchange’s cross-chain wrapped assets will now rely on $LINK’s CCIP protocol for transfers and security. 🔍 Key point: Major competitors like Coinbase are also making similar moves following recent bridge attacks. Continue Reading: Kraken moves $292 million to chainlink CCIP after hack The post Kraken moves $292 million to chainlink CCIP after hack appeared first on COINTURK NEWS .

14 May 2026, 15:40

Kraken Adopts Chainlink CCIP as Cross-Chain Standard, Replacing LayerZero

BitcoinWorld Kraken Adopts Chainlink CCIP as Cross-Chain Standard, Replacing LayerZero Kraken, one of the largest cryptocurrency exchanges by trading volume, has officially adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its standard for cross-chain communication, replacing the previously used LayerZero protocol. The decision, first reported by CoinDesk, marks a significant shift in the exchange’s infrastructure strategy and reflects growing concerns within the industry about cross-chain bridge security. Why Kraken Made the Switch The move away from LayerZero comes in the wake of a security incident involving Kelp DAO’s rsETH token, where a LayerZero-powered cross-chain bridge was exploited. While the exploit was not a direct vulnerability in LayerZero’s core protocol, it raised serious questions about the security posture of the ecosystem built around it. For an exchange like Kraken, which handles billions of dollars in user assets daily, the risk tolerance for such infrastructure is extremely low. Chainlink’s CCIP offers a different approach. It is designed with a defense-in-depth model, including a decentralized oracle network, multiple independent risk management networks, and a rate-limiting mechanism to prevent large-scale fund drains. These features align more closely with the security requirements of a regulated exchange. Industry Context: The Cross-Chain Security Landscape Cross-chain bridges have been a persistent vulnerability in decentralized finance. Since 2021, over $2.5 billion has been lost to bridge exploits, according to data from DeFiLlama. High-profile incidents include the Ronin Bridge hack ($620 million), the Wormhole exploit ($326 million), and the Nomad bridge collapse ($190 million). These events have made security the single most important factor for institutions selecting cross-chain infrastructure. Kraken’s decision is not an isolated event. Several other major protocols and exchanges have been quietly migrating away from less secure bridge solutions toward more robust, oracle-backed systems. The trend suggests a maturation of the industry, where security audits and theoretical guarantees are no longer sufficient — real-world incident response and proven resilience are now the deciding factors. What This Means for LINK and ZRO Tokens Chainlink’s native token, LINK, has historically benefited from major adoption announcements. The Kraken deal reinforces LINK’s position as the leading oracle network and cross-chain solution. Conversely, LayerZero’s ZRO token faces headwinds. While LayerZero remains widely used, losing a partner of Kraken’s caliber sends a negative signal to the market about the protocol’s perceived security and institutional trust. However, it is important to note that LayerZero continues to be developed and has a strong technical team. The company has stated it is implementing additional security measures. The market will ultimately decide which protocols earn long-term trust. Conclusion Kraken’s adoption of Chainlink CCIP is a pragmatic response to the evolving security landscape in cross-chain technology. For users, the change means potentially safer and more reliable cross-chain transactions on one of the world’s most prominent exchanges. For the industry, it underscores a fundamental truth: in decentralized finance, trust is earned through proven resilience, not just code audits. As cross-chain activity continues to grow, expect more exchanges to follow Kraken’s lead in prioritizing security over all else. FAQs Q1: What is Chainlink CCIP? Chainlink CCIP (Cross-Chain Interoperability Protocol) is a secure messaging protocol that enables different blockchains to communicate and transfer data or tokens. It is built on Chainlink’s decentralized oracle network and includes multiple security layers to prevent hacks. Q2: Why did Kraken stop using LayerZero? Kraken’s decision was influenced by a security incident involving Kelp DAO’s rsETH, where a LayerZero-powered bridge was exploited. While the vulnerability was not in LayerZero’s core code, the incident raised concerns about the overall security of the ecosystem, prompting Kraken to switch to a more robust solution. Q3: Does this affect Kraken users directly? Yes. Users who perform cross-chain transactions through Kraken will now be routed through Chainlink CCIP instead of LayerZero. This should result in the same user experience but with enhanced security guarantees. No action is required from users. This post Kraken Adopts Chainlink CCIP as Cross-Chain Standard, Replacing LayerZero first appeared on BitcoinWorld .

14 May 2026, 15:17

Kraken to replace LayerZero with Chainlink to bridge assets across blockchains

The decision sees a total of over $3 billion in total value locked migrating after a $292 million LayerZero-powered bridge exploit involving Kelp.

14 May 2026, 14:30

TAC labels $2.8M bridge exploit a white hat incident as hacker claims 10% bounty

TAC, a cross-chain protocol that has marketed itself as a bridge between TON and Ethereum, has now reclassified its $2.8 million exploit from May 12 as a white hat event, after the hacker apparently took the team up on its offer to keep 10% of the “moved” funds in exchange for returning the rest to its multisig wallets. According to TAC’s disclosures of the event, the exploit targeted the TON side of its cross-chain layer, draining funds across USDT, BLUM, and tsTON. TAC said the vulnerability was isolated to native TON Jettons bridged from the TON network, and that the TAC token itself, TON, and all ERC-20 tokens were unaffected. The TAC token has taken a beating since the exploit, with price dropping more than 21% over the last week. Market cap is down to $79 million from over $91 million before the May 12 disclosure of the hack. TAC Protocol’s token price is down over the last week. Source: CoinMarketCap. TAC’s total value locked sits at approximately $2.74 million as of May 14, per DefiLlama , meaning the $2.8 million exploit roughly equaled the protocol’s entire TVL. TAC’s total value locked (TVL). Source: DeFiLlama. How did the TAC Protocol exploit happen? TAC first disclosed that it had been hacked on May 12. The message from the team on X claimed that it had paused the bridge after receiving reports from security partners. The team quickly moved to allay fears by insisting that the issue was limited in scope, affecting only a subset of bridged assets rather than the protocol’s broader infrastructure. As for how it would handle the coming days, the TAC Protocol team said: “Our focus is on making users whole and fully restoring bridge liquidity through a legally structured sale of Foundation’s TAC token treasury reserves.” By May 14, TAC had positive news to share. The team said that after the exploiter took its offer to return funds to the designated multisig wallet on Ethereum and a corresponding address on TON, it came to the decision not to pursue litigation, a decision that it coordinated with its security partners and law enforcement. The TAC team has paused investigations and litigation action and promised a 10% fee as a white hat bounty on its May 12 exploit. Source: @ TacBuild via X/Twitter . With the refunds, the TAC Protocol hack quickly went from exploit to white hat incident, with a 10% bounty offered up as incentive, which comes to about 13 ETH + 300ZEC. It is standard practice in Web3 to offer hackers a percentage of stolen funds in exchange for returning the majority of the loot. Transit Finance took a page from that book earlier this week after it lost $1.88 million from a deprecated TRON smart contract. The team sent an on-chain message to its attacker offering a percentage of stolen funds as a bug bounty in exchange for cooperation, with a 48-hour response window. Hackers drag cross-chain protocols through the wringer TAC’s exploit adds to a pattern of bridge and cross-chain vulnerabilities in early May 2026. Transit Finance attributed its breach to a contract that had been deprecated since 2022 but still held exploitable code. Security firm GoPlus Security flagged two private key compromises on May 12 totaling $238,000, and blockchain security company Blockaid identified a $456,000 exploit on Aurellion Labs’ uninitialized Diamond proxy contract on Arbitrum, according to Cryptopolitan’s reporting . The losses follow a rough April. CertiK reported approximately $651 million lost to exploits across the sector that month, the highest since March 2022, when excluding the Bybit incident in February 2025. The KelpDAO bridge exploit ($293 million) and Drift Protocol hack ($285 million) accounted for most of April’s damage. May’s individual incidents are smaller by comparison, but the frequency suggests the underlying conditions that enabled April’s record losses have not been addressed. TAC Protocol’s bridge remains paused. The team has not disclosed a timeline for resuming operations, but it said it will direct the remaining balance, minus the white hat bounty, to its multisig wallets. If you're reading this, you’re already ahead. Stay there with our newsletter .