THORChain Founder Loses $1.3 Million in Cryptocurrency Theft
Hackers accessed the wallet of THORChain founder John-Paul Thorbjornsen, extracting crypto assets worth approximately $1.3 million.Decentralized cross-chain liquidity protocol enabling permissionless swaps of native blockchain assets across multiple chains.
THORChain Founder Loses $1.3 Million in Cryptocurrency Theft
Hackers accessed the wallet of THORChain founder John-Paul Thorbjornsen, extracting crypto assets worth approximately $1.3 million.
The Bybit Hack: Implications for Bitcoin Mixers and Mitigation Strategies
On February 21, the cryptocurrency exchange Bybit suffered a loss of $1.46 billion due to a breach of its cold Ethereum wallet. The attack was orchestrated by the hacker group Lazarus Group, which employs cross-chain bridges and coin mixing services for laundering funds. The hackers primarily utilized THORChain to exchange Ethereum for Bitcoin. Together with […]
THORChain Swap Volume Surpasses $4.6 Billion Following Bybit Hack
The multi-chain protocol THORChain processed a record $4.66 billion in swaps over the past week, according to DeFi Llama. On March 2, the figure exceeded the $1 billion mark. Data: DeFi Llama. The surge in activity followed the hack of the Bybit exchange. Analysts report that the perpetrators used THORChain to exchange and launder funds. […]
THORChain Developer Departs Amid Bybit Asset Laundering Scandal
The lead developer of the THORChain protocol, known as Pluto, has announced his departure. This move follows the cancellation of a vote regarding the blocking of transactions by the Lazarus Group hackers, involved in the recent Bybit breach. **Moving on from THORChain** Validators, developers, members of the community: effectively immediately, I will no longer be […]
THORChain to Launch TCY to Address $200 Million Debt Crisis
A majority of THORChain validators have approved a proposal to resolve a debt crisis of approximately $200 million by converting the protocol’s liabilities into Thorchain Yield (TCY). THORChain Community UpdateThank you to the community members, Node Operators, and builders who have remained committed throughout this critical moment for the network. Your dedication and contributions have […]
THORSwap resumes trading operations
The THORSwap decentralized exchange (DEX) team announced that trading operations have resumed and the documentation updated to prevent illicit transactions.
THORSwap restricts operations amid influx of illicit funds
The THORSwap decentralized exchange temporarily put its interface into maintenance mode after identifying potentially illicit transactions.
THORChain network halts after credible vulnerability reports
The THORChain multi-chain protocol developers halted the network due to credible reports of a potential vulnerability.
Trust Wallet Adds Cross-Chain Swaps via THORChain
The Trust Wallet team has added cross-chain swaps to the non-custodial wallet thanks to the THORChain protocol integration.
THORChain network endures a prolonged outage
On 27 October, the DeFi protocol THORChain, built on Cosmos, paused operations due to a software fault.We use cookies to improve the quality of our service.
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