THORChain Returns to Full Operation After $10M Exploit

THORChain has officially resumed all network operations. The project team spent over a month working on security upgrades and a vault migration to address the technical issues that led to a $10.7 million hack. Users can now return to trading activities on the platform.

The recovery period involved a complete review of the network infrastructure to ensure that the vulnerability is closed. By moving to a new vault structure, the team aims to prevent similar security failures in the future. This restart marks a major step forward for the protocol as it tries to regain user trust.

Traders and liquidity providers should monitor the network closely as volume returns to the platform. The team plans to keep a close watch on performance and safety metrics in the coming weeks. Whether this fix is sufficient to bring back significant liquidity remains the primary focus for market participants.