Cross-chain decentralized exchange THORChain has suffered its second multimillion-dollar hack in as many weeks, with $8 million worth of Ether impacted.

Notwithstanding, the attack appears to have been carried out past a white hat hacker, with THORChain announcing the perpetrator had requested a 10% compensation. ETH will exist halted until the code has been audited.

Liquidity providers impacted by the exploit volition be subsidized using the project'south treasury funds.

The exchange — which is still in the heart of a staged beta launch chosen Chaosnet — conceded that the "complexity" of its state machine comprises THORChain's "Archille's heel," even so asserted that its problems "can be solved with more than eyes on, likewise as a re-recollect in developer procedures and peer-review."

A screenshot shared from the project's Discord forum appears to show a message forwarded to the project by the hack via transaction data.

The hacker claims they deliberately minimized the impairment from the exploit in a bid to teach THORChain a lesson, stating: "Practice not rush code that controls 9 figures," and "Disable until audits are complete."

The hacker adds that they could have stolen Ether, Bitcoin, Binance Coin, Lycancoin, and many BEP-20 tokens if they had wanted to, asserting that "multiple disquisitional issues" were found and that a 10% bug bounty could have prevented the incident.

On July xvi, Cointelegraph reported that THORChain had been halted after 4,000 Ether worth $vii.six meg was drained from the protocol. The protocol unsuccessfully proposed a bug bounty to the hacker in exchange for returning the stolen funds.

Related: ChainSwap announces compensation and 'deep audit' plan afterward $8M exploit

The decentralized exchange besides lost $140,000 in a separate exploit suffered concluding month.

THORChain entered into its guarded "Chaosnet" launch in Apr, enabling cross-concatenation swaps across the Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Binance Chain networks.