THORChain node operators are having a say in ADR028, a fancy recovery plan to reboot the network after losing a cool $10.7 million to a sneaky hacker – and the best part? No new RUNE will be minted! Because who needs more RUNE, right?
The Never-Ending Story
The THORChain vote comes after earlier reports said the protocol halted trading when ZachXBT warned that losses could top $10 million across Bitcoin, Ethereum, BSC, and Base. Related coverage noted that RUNE fell after the alert as users waited for clearer details from protocol operators. Because uncertainty is never fun!
The incident also follows a busy period for crypto exploits. Recent reports said the Verus Ethereum bridge lost more than $11.5 million after attackers used a forged cross-chain transfer message. Security firms linked that exploit to missing validation checks in the bridge process. Oops!
April also showed how heavy the pressure on DeFi security has become. Crypto protocols lost more than $606 million in the first 18 days of April, led by the $292 million KelpDAO breach and the $285 million Drift Protocol exploit. Yikes!
TRM Labs also reported that North Korea-linked actors drove about 76% of global crypto hack losses in the first four months of 2026. The firm put those losses at about $577 million through April. Not good!
Hacker, Hacker, Go Away!
ADR028 proposes full slashing for the attacker’s node. THORChain said innocent nodes assigned to the same vault would be protected. Recovered RUNE would be paired with any assets recovered from the affected vault, while surplus RUNE would be burned. Because who needs extra RUNE, anyway?
The proposal also offers the attacker a bounty to return the funds. If funds are returned in part, the recovery plan would roll back by the same share. THORChain also said the protocol will remain neutral and permissionless, meaning the attacker’s swaps will not be censored once trading resumes. Talk about a fair deal!
The vote now gives node operators a path to approve the recovery direction. It does not finalize every number. The main test is whether THORChain can restart safely, absorb losses without new RUNE, and restore confidence after another high-profile DeFi exploit. Fingers crossed!
Read More
- 10 Greatest Manga Endings of All Time
- Review: Final Fantasy Tactics: The Ivalice Chronicles (PS5) – Still the Benchmark for Turn-Based Tactics
- Mark Zuckerberg & Wife Priscilla Chan Make Surprise Debut at Met Gala
- GBP CNY PREDICTION
- Elon Musk’s Mom Maye Musk Shares Her Parenting Philosophy
- Forza Horizon 6 Car List So Far: Confirmed Highlights, Cover Cars, DLC, and Rewards
- Miranda Kerr Shares “Quick” Procedure She Got Before Met Gala 2026
- The WONDERfools ending explained: What happened to the Child of Eternity?
- Ranking the 5 Best Spring 2026 Anime So Far (Mid-Season Update)
- Sony Plans to Start Shooting Horizon Movie in 2026, with 2027 Release Planned
2026-05-22 11:31