PANews reported on May 15th that, according to an official announcement from THORChain, the network has suspended transaction functionality due to an attack on an Asgard Vault. Initial estimates suggest losses of approximately $10.7 million. Current indications suggest user funds have not been affected, with the damage primarily consisting of the protocol's own funds. THORChain stated that the network automatically detected abnormal behavior and halted signing activities to prevent further fund outflows. The staked RUNE on affected nodes has been halved, and the churn mechanism and new chain integrations are currently suspended, pending investigation and remediation. THORChain is requesting node operators to conduct a comprehensive review of their infrastructure and key management systems and submit relevant logs to assist in the investigation.
