THORChain has restarted trading after being offline for over a month due to a $10.7 million vault exploit caused by a flaw in its GG20 signature scheme. The protocol completed thorough security checks, including vault verification and keyshare validation, before resuming operations. New upgrades include compromised vault quarantine and recovery logic, with native Monero (XMR) swaps already in testing and Zcash (ZEC) support planned soon. The restart marks a critical step in restoring user confidence and liquidity, with traders closely watching operational stability and future updates on fees and cross-chain trading features.

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THORChain restarts trading after $10.7M exploit with no new token minting

THORChain resumed trading after a five-week halt caused by a $10.7 million exploit on May 15, 2026, where a malicious node operator exploited a cryptographic flaw to drain one of its vaults. The protocol avoided minting new tokens to cover losses, in...

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