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31 July 2021

Thorchain Tapping Treasury to Repay $5M in Ethereum After Attack - Decrypt

Thorchain Tapping Treasury to Repay $5M in Ethereum After Attack - Decrypt


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The network was paused by nodes on Thursday after it was discovered that roughly 13,000 Ethereum ($25 million) had been taken via an attack.

Thorchain later took to Twitter (and then its Telegram channel) to downgrade that figure to approximately $7.6 million in Ethereum and ERC20 tokens, which are tokens that run on the Ethereum blockchain.

Thorchain says after patching and restarting the network, treasury funds will go back into the ETH liquidity pool

"This is a disappointing moment for all, but LPs and Nodes should be unaffected after all is recovered (the funds will be restored)," said Thorchain

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