THORChain halts swaps after block reorg bug, slowing Binance hackers
Summary
THORChain halted swaps across 10 networks after an Ethereum one-block reorganization exposed a refund bug that paid out an extra 10 ETH. The flaw could let attackers exploit similar reorgs, so node operators paused affected chains while assessing safety; trading continued on Avalanche, Base and XRP. Chainalysis said the halt also delayed efforts by North Korean hackers to launder funds stolen in the $6.3 billion Binance hack. The pause followed an FBI request for crypto providers to block transactions tied to the hackers. THORChain has defended its permissionless approach, while its founder warned that taking the protocol offline would undermine its role as neutral infrastructure.
