THORChain Announcements 16.07.2021 05:25:06
MCCN Halted - Exploit Confirmed
During a live attack, the network has been halted. Approximately 13,000 ETH of value was extracted from the protocol.
While the treasury has the funds to cover the stolen amount, we request the attacker get in contact with the team to discuss return of funds and a bounty commensurate with the discovery.
Node operators, liquidity providers and swappers - Your funds will be available when the issue has been patched & the network resumes. Any in-progress swaps will be finalised at this time.
Problems like this highlight the resiliency of decentralized communities - Without any admin/dev intervention the community identified & halted THORChain within an hour. THORChain will emerge stronger after this attack.
More updates to follow.