THORChain restored full operations Tuesday morning, bringing signing, churning, swaps, and liquidity-provider actions back online after a halt tied to a $10.7 million exploit in May.
The protocol's official account announced the restart just before 3 a.m. ET Tuesday, confirming that signing, churning, secured and trade assets, LP actions, and swaps are all running.
RUNE was trading around $0.42 at the time of the announcement, and its up 3.7% in the past 24 hours, per CoinGecko.
The halt began May 15, when one of six Asgard vaults was compromised, sending approximately $7.4 million in unauthorized transactions before the network stopped signing. Total losses reached $10.7 million as funds were drained across Bitcoin, Ethereum, BNB Chain, and Base vaults.
A second layer of scrutiny arrived June 1, when security startup V12 disclosed that it had reported a near-identical vulnerability to THORChain developers weeks before the May breach. V12 alleged the protocol silently applied a patch without paying the bounty, then later told researchers the bounty program was permanently retired. The firm said it planned to release exploit code for additional unpatched bugs.
