THORChain’s 10 ETH refund error disrupts Binance hackers’ transfers
THORChain halted swaps on 10 networks after an Ethereum reorg caused a 10 ETH refund error, temporarily disrupting transfers tied to the Binance hack.
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THORChain halted swaps on 10 networks after an Ethereum reorg caused a 10 ETH refund error, temporarily disrupting transfers tied to the Binance hack.
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron.
Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.
The FBI explicitly named THORNode operators in its appeal. The protocol’s controls allow broad trading halts, which also interrupt other users.
A one-block Ethereum reorganization on Saturday triggered a double refund involving 10 ETH on Thorchain, setting off an emergency pause that disrupted cross-chain swaps across most of its supported networks. Chainalysis said the malfunction inadvertently delayed laundering activity connected to Binance’s $6.4 billion theft. Meanwhile, the FBI urged Thorchain node operators to block transactions associated […]
SomaXBT’s breakdown focuses on assets left unfrozen on Tron. The FBI’s Oct. 31 blocking request explicitly includes THORChain node operators and downstream funds.
Crypto bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of stolen funds off Tron, with Relay handling the most at $48 million.
The US Federal Bureau of Investigation (FBI) has blamed North Korea's TraderTraitor operation for stealing more than $6 billion from Binance. In an Oct. 31 security alert, the agency attributed the Oct. 29 attack to North Korean cyber actors, providing official US government confirmation of the perpetrators behind one of history's largest cryptocurrency thefts. The… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
The incident highlights the vulnerability of cross-chain protocols to blockchain reorgs, impacting their reliability and complicating illicit finance tracking. The post THORChain pauses operations after Ethereum reorg triggers double refund appeared first on Crypto Briefing .
Outbound signing is enabled on most affected chains, allowing payments to proceed even while new swaps remain blocked.
Examining why RUNE rallied while the general crypto market crashed after the Binance hack.
TL;DR: THORChain’s RUNE token climbed more than 13% to $0.67 after Binance confirmed a $6.3 billion security breach. The price increase came as on-chain investigators reported that funds connected to the Binance and Bitget hacks had passed through THORChain, bringing renewed attention to the protocol’s role in cross-chain cryptocurrency transactions. THORChain’s native RUNE token recorded […]
North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.
The incident underscores the inherent risks for node operators in decentralized networks, highlighting the importance of robust security measures. The post THORChain halts ZEC swaps after bug triggers RUNE deductions appeared first on Crypto Briefing .
The restart of Rujira with the exploit fix could stabilize THORChain's ecosystem, enhancing user confidence and expanding trading options. The post THORChain targets Rujira restart with v3.21 exploit fix around Oct 23 appeared first on Crypto Briefing .
Onchain records show about 140 RUNE deducted from 18 node accounts. The fix is scheduled for the v3.21 upgrade around Oct. 23.
The upgrade targets block 28,366,100 around Oct. 23, while Rujira plans to request a conditional 24-hour liquidation grace period for borrowers.
THORChain's reliance on exploit-driven surges highlights the need for sustainable growth strategies to maintain liquidity and fee stability. The post THORChain fees rebound but remain far below September surge appeared first on Crypto Briefing .
The latest seven-day total is back above the pre-surge week, after fees plunged 91% in Oct. 2–8.
The timing of this unfreeze suggests that USDT liquidity could play a key role in the next market rebound.
A researcher reported resumed TRON swaps after four vaults were blacklisted, exposing issuer control over USDT inside decentralized infrastructure. The post Tether freezes $1.4M in TRON vaults and THORChain stalls appeared first on CryptoSlate .
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation.
The incident highlights the vulnerability of DeFi protocols to centralized issuer actions, emphasizing the need for diversified asset management. The post Tether froze 1.45 million USDT in THORChain vaults, then reversed course three hours later appeared first on Crypto Briefing .
The incident highlights the vulnerability of decentralized protocols to centralized control, impacting liquidity and trust in DeFi systems. The post Tether freezes four THORChain vaults, halting Tron swaps appeared first on Crypto Briefing .
THORChain’s Tron swaps and liquidity-provider operations are halted. Co-founder Chad Barraford says the team received no advance communication.
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