THORChain resumes trading five weeks after $10.7 million exploit
Quick Take
- THORChain has resumed trading after more than five weeks offline, following a May exploit that drained about $10.7 million from one of its Asgard vaults across Bitcoin, Ethereum, BNB Chain, and Base.
- The decentralized cross-chain liquidity protocol said every vault has been verified and every keyshare checked, with native Monero swaps already in testing as the next feature on its roadmap.
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THORChain has resumed trading after more than five weeks offline, the decentralized cross-chain liquidity protocol announced Tuesday, ending a shutdown triggered by an exploit in May.
Signing, churning, liquidity provider actions, and swaps are all live again, the protocol said via an X post.
THORChain (RUNE) describes itself as the world's leading Bitcoin (BTC) decentralized exchange, enabling users to swap native assets across different blockchains without wrapping or bridging through a centralized intermediary.
THORChain paused trading on May 15 after blockchain investigator ZachXBT and security firm PeckShield flagged a suspected exploit across Bitcoin, Ethereum, BNB Chain, and Base.
$10.7 million drained
The targeted vulnerability drained approximately $10.7 million from one of the protocol's six Asgard vaults. The remaining five vaults were reportedly unaffected. The protocol said recovery was prioritized for security over speed, with every vault verified and every keyshare checked before resuming operations. Node operators, developers, and the Maya Protocol team were credited with keeping the network stable through the restart process.
THORChain said native Monero swaps are already working end-to-end in testing, with a live launch ahead. Zcash support follows, alongside dynamic fees and deeper liquidity upgrades, per the protocol.
RUNE traded flat following the resumption of operations, The Block's price page shows.
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