THORChain DeFi protocol suspends due to potential vulnerability
The project’s security system is being investigated and verified at the moment
28.03.2023 - 09:00
641
2 min
0
What’s new? On March 28, the team of the THORChain multichain liquidity protocol announced the suspension of trading for an indefinite period. This step was taken after reports of a potential vulnerability that could affect the operation of the protocol surfaced. The developers assured users that their funds are completely safe.
There are claims of a potential vulnerability with a THORChain dependency that may affect THORChain.Out of an abundance of caution, trading has been paused while an investigation is undertaken. The validity of the claim is currently being assessed and https://t.co/6a5NLAqefN… — THORChain (@THORChain) March 28, 2023
What is known about THORChain? The decentralized finance (DeFi) protocol was created in 2018 and can be used to exchange crypto assets between different networks. In this, users retain ownership of their assets at every stage. As of March 28, 08:45 UTC, the native token RUNE has a capitalization of $431 million and the asset is trading at $1,32, down by 4,7% in 24 hours (Binance’s data).
What else is known? At the time of writing, the THORChain team has not released details of the incident but has said that it is continuing to verify the validity of the threat claims. The project will publish updates on its media resources as information becomes available.
THORChain already experienced a technical glitch in October 2022 that caused the protocol to shut down for 20 hours. Then the cause of the incident was a “unique transaction type” software error that disrupted communication between nodes and prevented new transactions from being verified on the network.
On March 24, crypto exchange Binance suspended spot trading, as well as deposit and withdrawal of funds for 2,5 hours due to a failure in the stop order mechanism.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$64 270
BTC
-2.25%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.21
XRP
+0.88%
-
Dogecoin
$0.091214
DOGE
-0.27%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$593.96
ZEC
-1.87%
-
Cardano
$0.199838
ADA
-4.16%
-
Stellar XLM
$0.213968
XLM
-2.32%
-
Polkadot
$3.32
DOT
+5.27%