THORChain Resumes Trading After Five-Week Halt Post-$10.7M Exploit
THORChain Resumes Trading After Five-Week Halt Post-$10.7M Exploit
THORChain has successfully resumed its trading operations, ending a five-week suspension that followed a $10.7 million multichain exploit in May. The exploit had affected an Asgard vault, leading to the temporary halt.
THORChain Bounces Back After Major Security Incident
The decentralized liquidity protocol THORChain has officially re-enabled trading functionalities, concluding a five-week period of inactivity. This prolonged halt was instigated by a significant $10.7 million multichain exploit that occurred in May, which specifically targeted an Asgard vault within the network. The resumption of trading signifies a critical recovery milestone for the protocol, indicating successful remediation and restoration of services following the substantial security breach.