THORChain Exploit Drains $10.7 Million Due to Node Operator

THORChain reported that a malicious node operator exploited a GG20 threshold signature flaw, resulting in the loss of approximately $10.7 million from one of its vaults. According to NS3.AI, the incident triggered automatic solvency checks, which promptly halted signing and trading activities across multiple chains within minutes. THORChain stated that the ADR-028 mechanism would cover the losses using protocol-owned liquidity and synth holders, without the need to mint or sell THORChain (RUNE) tokens.