THORChain Restores Full Functionality Following Month-Long Outage
THORChain has fully resumed trading, swaps and liquidity provision after a 39-day recovery period following a major security breach. The protocol had been halted in mid-May after an exploit drained approximately $10.7 million from one of its vaults.
THORChain Halts Trading After $10.8M Cross-Chain Exploit
THORChain halted trading and signing across multiple networks on May 15, 2026, after investigators identified a multi-chain exploit that drained more than $10 million in crypto assets. ZachXBT first flagged the incident publicly, and blockchain security firms quickly corroborated the on-chain movements as tracing expanded across Bitcoin, Ethereum, BNB Smart Chain and Base.