THORChain restored trading services following extensive security reviews and verification. Exploit drained $10.7 million from one Asgard vault only. Monero testing progresses while Zcash supp
THORChain has restored full trading operations across its network, ending a shutdown that lasted more than five weeks. According to an update shared by the protocol on X, signing, churning, liquidity provider actions, and swaps are now fully operational. The return of these services marks a significant milestone for the decentralized cross-chain liquidity protocol.
THORChain paused trading on May 15 after blockchain investigator ZachXBT and security firm PeckShield identified a suspected exploit affecting multiple supported networks. The protocol enables users to swap native assets across blockchains without relying on wrapped tokens or centralized bridges. As a result, the outage attracted attention from traders and liquidity providers who depend on its cross-chain infrastructure.
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According to THORChain, the exploit drained approximately $10.7 million from one of its six Asgard vaults. However, the remaining five vaults were not impacted by the incident. Rather than rushing to restore services, the protocol focused on reviewing its infrastructure and validating network security. The team stated that every vault underwent verification before trading resumed. Additionally, operators checked every keyshare to ensure the network remained secure.y
Trading is live again on THORChain.
After more than a month offline, the network is fully back. Signing, churning, secured and trade assets, LP actions, and swaps are all up and running. The world's leading Bitcoin DEX is open for business once again.
This recovery was never…
— THORChain (@THORChain) June 23, 2026
THORChain credited node operators, developers, and contributors from Maya Protocol for supporting the recovery process. Their efforts helped maintain network stability while the protocol completed extensive security reviews. Moreover, the protocol emphasized that security remained the primary consideration throughout the restart process. Consequently, trading resumed only after the verification procedures were completed.
The reopening also restores access to one of the largest decentralized networks for native cross-chain asset swaps. Therefore, users can once again move assets between supported blockchains through THORChain’s liquidity infrastructure.
Beyond restoring existing services, THORChain is preparing additional network upgrades. According to the protocol, native Monero swaps are already functioning successfully in testing and are moving closer to launch. Additionally, support for Zcash remains in development. The team also plans to introduce dynamic fees and deeper liquidity improvements designed to strengthen trading efficiency across the network.
Despite the operational milestone, RUNE showed little immediate reaction in the market. Trading data indicated that the token remained largely unchanged following the announcement. Still, the successful restart closes an important chapter for THORChain. The protocol is now shifting its attention toward expanding cross-chain functionality while strengthening its infrastructure against future threats.
THORChain has resumed full trading operations after completing weeks of security reviews tied to a $10.7 million exploit. With network services restored and new upgrades in development, the protocol is now focused on expanding its ecosystem and improving platform resilience.
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