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Cross-chain protocol THORChain reinstates trading following $10.7M security incident
Complete vault infrastructure overhaul and keyshare validation enable network relaunch
Zcash integration scheduled for deployment following successful recovery
Monero trading functionality awaits activation after comprehensive testing completion
Bittensor integration planned as protocol expands asset offerings
THORChain has successfully relaunched its decentralized exchange network following extensive security enhancements that resolved vulnerabilities responsible for a $10.7 million loss. After remaining offline for over thirty days, the protocol has reactivated swap capabilities, transaction signing, liquidity operations, and vault management. The relaunch came after comprehensive vault inspections, keyshare authentication, node software updates, and complete infrastructure transition.
Infrastructure Overhaul and Security Validation Complete
The decentralized exchange suspended all operations on May 15 after security researchers identified an attack exploiting weaknesses in its GG20 threshold signature scheme. The vulnerability gradually leaked cryptographic key information, enabling an unauthorized node operator to reconstruct a complete private key. This security breach resulted in the unauthorized withdrawal of $10.7 million from protocol-controlled vaults.
Development teams deployed an urgent security patch on May 20 to safeguard remaining funds within operational vaults. A comprehensive software upgrade followed on June 9, eliminating the signature scheme vulnerability that attackers had exploited. Additional refinements arrived via a June 11 update, which enhanced system stability and resolved KeyVerify operational issues.
The protocol subsequently employed KeyVerify functionality to authenticate vault security a
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