THORChain resumes trading after security upgrades and vault migration

THORChain has resumed all network activity more than a month after a $10.7 million exploit. The network said it addressed the vulnerabilities through multiple security upgrades and a vault migration.

THORChain resumes trading after security upgrades and vault migration

What happened?

THORChain has resumed all network activity more than a month after a $10.7 million exploit. The network said it addressed the vulnerabilities through multiple security upgrades and a vault migration.

Why it matters

The development matters because THORChain is a cross-chain protocol, so any disruption to its network activity can affect users and the broader ecosystem that relies on its services. Restoring operations after a security incident also signals that the team has moved to contain the vulnerability and bring the network back online.

THORChain has resumed all network activity after rolling out multiple security upgrades and completing a vault migration to address the issues behind a $10.7 million exploit. The network’s restart comes more than a month after the incident disrupted operations.

The development matters because THORChain is a cross-chain protocol, so any disruption to its network activity can affect users and the broader ecosystem that relies on its services. Restoring operations after a security incident also signals that the team has moved to contain the vulnerability and bring the network back online.

According to the source, the network used a combination of upgrades and a vault migration to fix the weaknesses that were exploited. Those steps were presented as the measures needed to resume full activity.

Security incidents remain a major concern across crypto infrastructure, especially for protocols handling assets across multiple chains. THORChain’s return to normal operation highlights how projects often respond to exploits with technical changes and operational recovery before resuming services.

The announcement marks the end of a pause that followed the exploit and the start of a new phase for the network after its security overhaul.

Source: Cointelegraph

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