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THORChain – DIGIT INFO

Thorchain Loses Nearly $11M as Attackers Poison Vault Churn Process Across 4 Chains

Thorchain suffered an estimated $10 to $11 million exploit on Friday, after attackers used vault churn address poisoning to redirect funds during a routine migration process across multiple blockchains. Thorchain Funds Compromised Onchain investigator ZachXBT first flagged the incident via his Telegram channel, placing initial losses above $7.4 million before revised estimates pushed the total … Read more

Is THORChain in Crisis? Examining the $200M Debt, Falling $RUNE Price, and the End of Block Rewards

THORChain, the decentralized liquidity protocol that allows for cross-chain swaps, is at a crucial juncture. After a spate of recent misfortunes, the cryptocurrency community is questioning the protocol’s future and—by extension—a future for cross-chain swaps. The protocol has amassed a $200M debt, and its token, $RUNE, is in freefall. Meanwhile, the “ecosystem” as a whole … Read more

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