THORChain Resumes Trading Following $10.7 Million Security Breach

The restart follows a May 15 incident where a malicious node operator exploited a flaw in the network’s GG20 threshold signature scheme, allowing for the reconstruction of private keys. While the attack drained one vault, automated solvency checks halted the network before further damage could occur. To facilitate the return, developers implemented the v3.19.0 upgrade, which introduced quarantine protocols for compromised vaults and rigorous key-share verification.

Every node and legacy vault underwent a manual audit to ensure integrity before the network was reactivated. Despite the prolonged pause, market reaction remained muted; the RUNE token traded at approximately $0.42 on June 23, showing stability rather than a sell-off. With the infrastructure secured, the protocol is shifting focus toward expanding its cross-chain capabilities. Plans include the integration of native Monero and Zcash swaps, with the team testing these features to restore user confidence and liquidity levels following the platform's return to active duty.