THORChain resumes trading more than a month after $10M exploit

THORChain 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.

THORChain has resumed activity after over a month of security verifications and upgrades, following a $10.7 million exploit that prompted a trading halt on May 15.

In a Tuesday X post, THORChain said it restored its network, including trading, signing, swaps and liquidity provider actions.

On Sunday, the protocol said it had confirmed the safety of most of its vaults through the KeyVerify protocol and retired the remaining legacy vaults as part of a migration to a new set of vaults. THORChain called the upgrade the “most significant milestone” in its recovery process. It also said it completed verification of every node's keyshare on Friday.

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