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Thorchain Mainnet Halted After New Vulnerability Reports

Cointime Official

The Thorchain mainnet has been temporarily halted following reports of a new vulnerability. The news was first reported by Twitter user Pluto9r, who shared a screenshot of a message from the Thorchain team stating that they were aware of the issue and were working on a fix. The message advised all nodes to stop the network immediately until further notice.

Thorchain is a decentralized cross-chain liquidity network that allows users to swap cryptocurrencies without intermediaries. The network has experienced several security incidents in the past, including a hack in July 2021 that resulted in the loss of over $8 million worth of assets.

Details of the new vulnerability are yet to be released, but the Thorchain team has assured users that their funds are safe. The team stated that they are working on a fix and will provide updates as soon as possible.

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