attacks and breakdowns, THORChain has experienced this on several occasions. And it’s not about to stop. Because at the latest news, the enemies are once again at the gates of this decentralized liquidity protocol.
THORChain, this protocol with fragile ramparts
In 2021, THORChain has experienced several attacks which cost him millions of dollars. Eh yes, the cryptocurrency sector has never been spared by hackers, if only last year. Fortunately he has pirates with a heart of goldlike the one who siphoned off $1.59 million from Tender.fi and returned the stolen funds.
According to bitcoinistTHORChain issued a report stating that it has suspended its trading activities on its mainnet for vulnerability reasons. This decision was made in order to put a spoke in the wheels of cryptocurrency hackers prowling around this cross-chain liquidity protocol.
” There are claims about a potential vulnerability related to a dependency on THORChain that may affect the protocol. As a precaution, exchanges have been suspended while an investigation is underway. The validity of the claim is being assessed and verified.
All funds can be verified via https://viewblock.io/thorchain/vaults.
Updates will be available soon. »
According to this tweet, the THORChain team suspects a network-level vulnerability. The priority is to secure its users as quickly as possible.
An hour earlier, Pluto (9R) posted a similar message. By way of conclusion, this developer at THORChain specified that:
” As a precaution, steps have been taken to shut down THORChain globally “.
Stories of crashes and hacks
Since his birth in 2018, THORChain allowed investors to exchange cryptocurrencies between blockchains. Right now, this decentralized cross-chain liquidity protocol supports:
- Ethereum;
- Bitcoin;
- CosmosHub;
- BNB Chain;
- Bitcoin Cash;
- Dogecoin;
- Avalanche;
- and Litecoin.
It should also be noted that THORChain has already used interruptions of its services for various reasons. One of them is linked to an act of hacking dated July 16, 2021. Last October, another shutdown also took place. The reason this time lies in a ” bug stemming from non-determinism between individual nodes “. Provided that this situation of THORChain is not a replica of the cases of Celsius Network and others which began with service interruptions before filing for bankruptcy.
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