THORChain plans a controlled restart after a $10.7M vault drain, using protocol liquidity to cover losses without minting new tokens.

In mid-May 2026, THORChain suffered a $10.7 million loss from a single Asgard vault drain, leading to a network pause and emergency response. Governance approved ADR028, a staged restart plan using Protocol-Owned Liquidity (POL) to cover losses, avoiding new RUNE token minting to protect holders from dilution. The team rolled out patches and v3.19 migrations to harden the protocol, with trading expected to resume cautiously by mid-June 2026. The restart focuses on safety, restoring liquidity, and gradually re-enabling integrations like Zcash and Monero, while monitoring pool stability and node performance to rebuild trust.