asgard

The crypto community woke up to shocking news regarding the popular protocol #THORChain as the platform announced an emergency halt to all trading after detecting a "suspicious security breach" that targeted one of its main vaults known as #ASGARD . Initial reports from behind the scenes indicate that the attackers managed to seize various cryptocurrencies worth approximately $10.7 million. Despite the severity of the figure, the protocol's management quickly reassured everyone with an initial statement confirming that user funds were not affected, hinting that the losses were related to assets belonging to the network itself, and that automatic security mechanisms immediately intervened to freeze transactions and prevent further outflow of funds. In a natural and violent reaction, the platform's native token $RUNE took a heavy hit in the market, plummeting more than 11% within hours of the news breaking, amidst a climate of anxiety and anticipation among investors. Technical experts are currently focusing on examining a potential vulnerability in the network's multi-signature system to find out how the hacker managed to breach the defenses, while everyone is awaiting the announcement of the compensation plan and the restart of trading.$RUNE