THORChain Reports Disagree on How Many Chains Paused
Bitcoin.com News and Cointelegraph give different counts of how many THORChain networks halted after the Ethereum reorg bug, and cite different figures for the size of the Binance hack.
Bitcoin.com News and Cointelegraph give different counts of how many THORChain networks halted after the Ethereum reorg bug, and cite different figures for the size of the Binance hack.
What all sources agree on
- A one-block Ethereum reorganization triggered a double refund involving 10 ETH on THORChain.
- The double refund triggered THORChain’s automatic/emergency pause.
- Chainalysis said the pause inadvertently delayed laundering of funds stolen from Binance, stating: “THORChain just inadvertently delayed the laundering of a significant amount of funds stolen from Binance.”
- The FBI urged THORChain node operators to block transactions linked to North Korean hackers connected to the Binance hack.
Where the reports disagree
1How many of THORChain’s networks were paused
Trading and new swaps stopped across 12 of Thorchain’s 13 supported external networks, although certain previously initiated outbound payments remained operational.
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron, while trading continued on Avalanche, Base and XRP, according to the protocol’s network status page.
What would settle it: THORChain’s own network status page showing the pause state of each of its supported chains at the time of the incident.
2Size of the Binance hack
Chainalysis said the malfunction inadvertently delayed laundering activity connected to Binance’s $6.4 billion theft.
The trading halt also disrupted attempts by North Korean hackers to launder funds stolen in last week’s $6.3 billion Binance hack, according to Chainalysis.
What would settle it: Binance’s own disclosure of the total value of assets lost in the hack, or on-chain tracing of the stolen funds.
What to make of it
Treat the reorg, the 10 ETH double refund, the resulting pause, and the FBI’s request as established; the exact number of networks affected and the precise dollar size of the Binance hack remain unresolved between these two reports.
Treat the reorg, the 10 ETH double refund, the resulting pause, and the FBI’s request as established; the exact number of networks affected and the precise dollar size of the Binance hack remain unresolved between these two reports.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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