{"id":47235,"date":"2023-03-28T04:39:18","date_gmt":"2023-03-28T08:39:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=47235"},"modified":"2023-03-28T04:39:20","modified_gmt":"2023-03-28T08:39:20","slug":"thorchain-halts-network-due-to-potential-vulnerability","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/thorchain-halts-network-due-to-potential-vulnerability\/","title":{"rendered":"THORChain halts network due to potential vulnerability"},"content":{"rendered":"\n

THORChain, a Cross-chain liquidity platform has once again halted its network, as a precautionary measure to new reports of a possible network vulnerability.<\/a><\/p>\n\n\n\n

\"THORChain
THORChain halts network due to potential vulnerability<\/figcaption><\/figure>\n\n\n\n

THORChain announced through Twitter on March 28 that it has paused all trade due to reports of a potential vulnerability with a THORChain dependency that could harm the network. THORChain stated that the decision was made as a precaution while the reports are validated.<\/p>\n\n\n\n

THORChain's liquidity platform Nine Realms and the dedicated security team THORSec received “reliable reports” of a potential THORChain vulnerability, according to social media postings. Reportedly, the THORChain network<\/a> has been shut down internationally.<\/p>\n\n\n\n

\n

**THORChain Globally Halted**@ninerealms_cap\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and THORSec have received credible reports of a potential vulnerability affecting @THORChain<\/use><\/svg><\/span><\/a>. Out of an abundance of caution, steps have been taken to halt THORChain globally.

Stand by for more information.<\/p>— Pluto (@pluto_hbr) March 28, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Nine Realms tweeted, “Network preemptively suspended by NOs to investigate the report; updates forthcoming.”<\/p>\n\n\n\n

According to statistics from CoinGecko, THORChain's native token Rune (RUNE) has dropped approximately 5% in response to recent news. Currently, the token is trading for $1.32, a decrease of 18% over the last 30 days.<\/p>\n\n\n\n

THORChain, which was founded in 2018, is a decentralized cross-chain liquidity protocol that enables users to trade assets between multiple blockchain networks without the usage of centralized exchanges<\/a>. <\/p>\n\n\n\n

The settlement layer of THORChain now facilitates exchanges between eight chains, namely Bitcoin, Ethereum, Binance Chain, Avalanche, Cosmos Hub, Dogecoin, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The most recent network interruption on the THORChain is by no means the first. In October 2022, the network was halted due to a software problem producing “non-determinism amongst individual nodes.” After twenty hours of maintenance, the network was restarted and restored to full functionality.<\/p>\n\n\n\n

In 2021, THORChain suspended its network following a protocol breach<\/use><\/svg><\/span><\/a> in which hackers stole $7.6 million worth of crypto assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

THORChain, a Cross-chain liquidity platform has once again halted its network, as a precautionary measure to new reports of a possible network vulnerability. THORChain announced through Twitter on March 28 that it has paused all trade due to reports of a potential vulnerability with a THORChain dependency that could harm the network. THORChain stated that […]<\/p>\n","protected":false},"author":12,"featured_media":11720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[13903,13902,8030,5260],"class_list":["post-47235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cross-chain-platform","tag-network-vulnerability","tag-rune","tag-thorchain"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/THORSwap-concludes-a-3.75-million-investment-round-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=47235"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11720"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=47235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=47235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=47235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}