2 years ago
THORChain has erstwhile again halted its network, taking enactment arsenic a precautionary measurement portion verifying reports connected a imaginable web vulnerability.
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Cross-chain liquidity protocol THORChain has paused its web owed to caller claims of a imaginable web vulnerability.
THORChain took to Twitter connected March 28 to announce that it has halted each trading amid reports connected a imaginable vulnerability with a THORChain dependency that whitethorn impact the network. The determination was taken arsenic a precautionary measurement portion the reports are verified, THORChain said.
The announcement came soon aft societal media reports indicated that THORChain’s liquidity level Nine Realms and the dedicated information squad THORSec received “credible reports” of a imaginable vulnerability affecting THORChain. The THORChain web has reportedly been subsequently halted globally.
**THORChain Globally Halted**@ninerealms_cap and THORSec person received credible reports of a imaginable vulnerability affecting @THORChain. Out of an abundance of caution, steps person been taken to halt THORChain globally.
Stand by for much information.
“Network preemptively paused by NO's to analyse the report; updates volition follow,” Nine Realms tweeted.
Amid the news, THORChain’s autochthonal token Rune (RUNE) has tumbled astir 5%, according to information from CoinGecko. At the clip of writing, the token is trading astatine $1.32, down 18% implicit the past 30 days.
Founded successful 2018, THORChain is simply a decentralized cross-chain liquidity protocol that allows users to swap assets betwixt antithetic blockchain networks without utilizing centralized exchanges. THORChain’s colony furniture presently offers swaps betwixt 8 chains, including Bitcoin, Ethereum, Binance Chain, Avalanche, Cosmos Hub, Dogecoin, Litecoin and Bitcoin Cash.
Related: DeFi exploits and entree power hacks outgo crypto investors billions successful 2022: Report
The latest halt connected the THORChain’s web is acold from being the archetypal one. The web was paused successful October 2022 arsenic a effect of a bundle bug causing “non-determinism betwixt idiosyncratic nodes.” The web was subsequently resumed and became afloat functional aft 20 hours of maintenance.
In 2021, THORChain besides halted its web aft the protocol suffered a breach, with hackers stealing $7.6 cardinal successful crypto assets.
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