THORChain Halts All-Chain Trading for Over a Month After Exploit, Analyst Says

THORChain has suspended all-chain trading for more than a month following an exploit, leaving on-chain transaction activity stalled. According to Foresight News, on-chain analyst Specter said in a post that the decentralized cross-chain protocol paused trading across the entire network after being attacked via a vulnerability, and activity remains halted. Specter contrasted the current shutdown with THORChain’s earlier stance during incidents affecting other protocols, when it declined to pause trading even for a few hours, citing an inability to interrupt service. The analyst added that THORChain previously kept even basic cross-chain transfers involving ETH and BTC running during periods when other protocols were exploited or when funds suspected of laundering were moving through the ecosystem. After THORChain itself became the victim, Specter said, the trading suspension has extended well beyond one month.