#thorchainrecoveryentersfinalphase โ๏ธ THORChain Recovery Enters Final Phase
THORChain says its network recovery has entered the final stage following the May security incident. Validators are using the new KeyVerify process to confirm the integrity of every nodeโs keyshare and ensure vaults are secure before the network begins its next major step: a full vault churn. (Bitget)
Key Highlights
๐ Keyshare verification is underway
๐ฆ Vault security checks must pass before churn begins
๐ Funds will be moved into new vaults during churn
โณ The churn could take hours or several days
๐ Secured assets, trading assets, LP actions, and trading are expected to reopen sequentially after completion. (Bitget)
Why It Matters
THORChain paused trading and sensitive operations after an exploit affecting protocol-controlled funds in May. The final recovery phase is therefore a critical test of whether the protocol can restore operations without compromising security again. The timing remains uncertain until the validation and churn are complete. (The Block)
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๐จ THORChain Recovery Enters Final Phase
THORChain says it has entered the final stage of its network recovery.
๐ Node keyshares are being verified
๐ฆ Vault security checks underway
๐ Funds set to move into new vaults
โณ Churn could take hours or days
๐ Trading and LP operations expected to resume after completion
The key focus remains security: THORChain is prioritizing a verified restart before reopening full trading functionality.
#THORChain #RUNE #DeFi #Crypto #Blockchain #CrossChain #CryptoNews #Web3 #Security ๐๐๐