THORChain asks validators to approve v3.19.0, adding vault quarantine and TSS checks before signing, liquidity actions and trading resume.
THORChain has remained offline for three weeks since it experienced a $10.7 million vault exploit. THORChain initially planned to integrate ZEC support into its platform, but even that is now delayed after a critical flaw was discovered in Zcash's Orchard shielded pool.
THORChain suffered a $10.7 million exploit caused by a flaw in its GG20 threshold signature system and a malicious operator node. A malicious node reconstructed the full private key of a vault through progressive leakage of cryptographic material, draining the funds.
THORChain's recovery plan without token dilution could set a new standard in DeFi, emphasizing security and investor confidence over inflationary fixes. THORChain proposes recovery plan after May 15 exploit, no new RUNE minted.
THORChain has faced criticism from crypto security researchers and investors after proposing to continue using its patched GG20 signing framework following a $10.7 million exploit tied to the system.
THORChain opened ADR028 voting after a $10.7M exploit, proposing POL losses, synth sharing, no new RUNE, and a hacker bounty plan.
Blockchain tracking firm Arkham Intelligence has labeled a set of suspicious wallets as “THORChain Exploiter” addresses, with one Bitcoin-linked wallet holding close to 36.85 BTC — worth roughly $3 million — and a separate Ethereum wallet carrying around 216 ETH.
THORChain's suspected multichain exploit and emergency halt on May 15 turned another DeFi security incident into another test of cross-chain trust. Emergency controls moved through chain-specific halts, Halt All Trading, Halt Signing, Halt Chain Global, Halt Churning, and repeated global node-pause updates.
On May 15, 2026, THORChain—a decentralized protocol facilitating cross-chain liquidity—fell victim to a security breach resulting in losses exceeding $10 million. The incident was first brought to light by renowned blockchain investigator ZachXBT, who documented suspicious fund movements across multiple blockchain networks.
THORChain's latest exploit is drawing attention to possible weaknesses in MPC and threshold-signature wallet infrastructure.
THORChain, a decentralized cross-chain liquidity protocol, suffered a major security breach on Friday, resulting in losses estimated at nearly $10.8 million. The exploit impacted the platforms deployments across four separate blockchain networks, raising fresh concerns about vulnerabilities in decentralized finance (DeFi) infrastructure.
THORChain halted trading after a cross-chain exploit drained more than $10 million across Bitcoin, Ethereum, BNB Chain and Base. RUNE dropped by double digits, sliding from above $0.58 toward $0.50, a two-week low, as suspicious flows spread across social channels.