Thorchain Mainnet was stopped due to potential security gaps
Thorchain Mainnet was stopped due to potential security gaps
The operators behind the decentralized cross-chain liquidity protocol-Thorchain-stopped the network preventively after claims about potential weaknesses in social media.
- according to the The question is that the questionable weak point is connected to the thorchain-dependency can affect the entire network.
- "from caution", Thorchain decided to interrupt the trade while performing an investigation.
- his tweet added:
"The justification of the claim is currently being checked and verified."
- First reports indicate that the liquidity platform from Thorchain - Nine Realms - received "credible reports" about the weak point together with the Security team Thorsec.
- In the course of the development, the native token of Thorchain, Rune, fell by almost 5 % and was traded at $ 1.32.
- Last October, the Thorchain network suffered a 20-hour failure due to a software error.
- The team had revealed that the problem was string manipulation.
- The Defi protocol has suffered several hacks since its introduction in 2018. The last security violation took place in July, in which the perpetrators withdrawn after an attack on the ETH router ether worth around $ 8 million.
- While the team assured that the state treasury had the necessary funds to compensate all victims, it later told the municipality that the attackers limited their damage, apparently a white hat, and reported a bounty of 10 %.
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