THORChain resumed all network activity after implementing multiple security upgrades and a vault migration to fix the vulnerabilities that led to the $10.7 million exploit.
Source: Cointelegraph
THORChain resumes trading more than month after $10M exploit
THORChain has officially resumed trading over a month after suffering a significant $10 million exploit that raised concerns about its security. The decentralized liquidity protocol faced challenges in restoring confidence among its users and investors following the breach. In the interim, the team has implemented enhanced security measures and conducted extensive audits to safeguard against future vulnerabilities. The relaunch is seen as a crucial step in rebuilding trust within the community and revitalizing trading activity on the platform. As THORChain moves forward, it aims to solidify its position in the decentralized finance sector while ensuring a more secure trading environment.