Possible Unauthorized Outflow of Assets Worth Approximately 1.7 Billion Yen from Thorchain

Possible Unauthorized Outflow at Thorchain

The cross-chain liquidity protocol THORChain announced on the 15th that an issue had occurred in its vault, leading to a suspension of transactions on the Thorchain network.

As of the early morning of the 16th, when this article was written, investigations are still ongoing. However, it is currently believed that assets worth approximately $10.7 million (about 1.7 billion yen) have been illicitly drained. According to analysis by blockchain security firm PeckShield, among others, Bitcoin and...