THORChain, a decentralized crypto exchange protocol that functions as a meta layer across multiple blockchains, halted trading on Friday after a suspected exploit resulted in the theft of roughly $10 million worth of crypto assets. The project enables cross-chain swaps of native tokens without wrapping them, which THORchain claims to be a more secure method of trading assets between different blockchains. Funds on multiple blockchains are said to be affected in the incident. Notably, the THORChain team has often described the protocol in communications as unstoppable, and one of the most popular wallets used with it carries the name Unstoppable Wallet.

Security researchers first identified suspicious activity involving…