Episode Details

THORChain Faces Exploit, Community Decides on Loss Handling: In a recent incident, THORChain lost around ten million dollars due to a vulnerability in their GG20 security system, allowing a node operator to access a vault. The networks automated systems quickly halted trading and deployed a fix, preventing further losses. The community is now deciding on loss handling through a governance proposal, with the protocol potentially absorbing some losses and offering a bounty for stolen funds. The RUNE token experienced a dip but shows signs of recovery.

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