THORChain restores trading after $10.7M exploit
6.6 Security THORChain restored trading after a $10.7M exploit, resuming all functions and prioritizing security. Plans include support for Monero, Zcash, TAO, dynamic fees, and liquidity upgrades.
THORChain has fully restored trading and network operations after being offline for over a month following a $10.7 million exploit on May 15. The protocol completed a thorough recovery process, which included security audits, node infrastructure upgrades, and a migration to a new vault architecture. The exploit was linked to a vulnerability in the GG20 threshold signature scheme, enabling a malicious node operator to reconstruct a private key and access funds. All core functions—trading, swaps, transaction signing, and liquidity provider actions—are now operational, with all vaults and keyshares verified. THORChain emphasized that security was the top priority during the recovery. Looking ahead, the protocol plans to expand its ecosystem by adding native support for Monero (XMR), Zcash (ZEC), and Bittensor’s TAO token, along with introducing dynamic fees and deeper liquidity upgrades.
