Hacking News
Thorchain Bug Causes Swap Freeze
Thorchain, a cross-chain bridge protocol, experienced a freeze on swaps due to a bug that occurred during a reorganized Ethereum block. The reorganization resulted in a deposit of 10 ETH meant for a Thorchain vault, which was never credited back to the canonical chain. As a result, trading and new swaps stopped on 12 of 13 supported external networks. The bug was caused by a collision between Ethereum's reorg and Thorchain's deposit verification procedures, with no malicious intent found. The pause was an accounting fix, not a targeted freeze on Binance money, and developers are still investigating the malfunction.