THORChain resumes trading and network activity after a prolonged pause linked to a May multichain exploit. According to multiple reports, the platform halted operations following an incident tied to an Asgard vault, later described as involving roughly $10.7 million in losses. THORChain then implements a set of security measures and completes a vault migration intended to address the vulnerabilities exploited in the attack. One outlet reports the network resumes all activity after more than a month, while another states trading resumes about five weeks after the exploit. Both accounts describe the restart as restoring normal operation following the upgrades and migration. The reports do not indicate that the resumed activity marks the return of specific compromised funds, but they characterize the restart as the completion of mitigation work. Overall, THORChain’s reactivation is presented as the result of technical remediation steps designed to prevent a repeat of the vulnerability that enabled the earlier exploit.
THORChain resumes trading after $10.7 million exploit and security upgrades
THORChain resumes trading and network activity after a prolonged pause linked to a May multichain exploit. According to multiple reports, the platform halted operations following an incident tied to a...
- THORChain halts trading/network activity after a multichain exploit in May.
- The exploit is described as involving about $10.7 million and affects an Asgard vault.
- THORChain implements multiple security upgrades following the exploit.
- THORChain completes a vault migration to address the exploited vulnerabilities.
- THORChain resumes trading after roughly a month (about five weeks reported).
THORChain resumed trading after a 5-week halt following a $10.7 million multichain exploit in May affecting an Asgard vault.
18 hours agoTHORChain resumed all network activity after implementing multiple security upgrades and a vault migration to fix the vulnerabilities that led to the $10.7 million exploit.
19 hours ago
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