More insiders aren't what crypto needs It needs fair money for everyone, period Now is the time to return to fundamentals

Fair money requires an open, equitable financial system for everyone That's the future being built The aim is to steer back to crypto's roots

Assistance and continued discussions on accounting for the lost funds will occur over the coming days. Product development and improvements will continue, and further updates will be provided once there

Regarding bonded RUNE via bRUNE: the malicious node was not whitelisted and had no bRUNE bonded; other nodes in the compromised vault did have bRUNE. If Nodes identify and vote to slash the malicious node,

The current plan is to use Protocol Owned Liquidity to compensate Trade and Secured Assets so affected balances are made whole. Secured Assets are therefore expected to retain full value and become

Secured Assets are stored in Asgard Vaults without strict segregation, so on paper losses could be shared across PoL, LPs, Trade Assets, and Secured Assets. Roughly 1/5th of Secured Assets TVL—about $1M,

What this means for users: once transfers are unpaused, RUNE, RUJI, and TCY can be sent again. Until Base Layer trading resumes, withdrawals and deposits of Secured Assets are not possible. App Layer activity

Multiple node operators paused the network; block production has now restarted and native transfers are expected to resume shortly. The pause will remain until either a GG20 patch or a migration to DKLS

The exploit appears linked to a GG20 bug and one malicious node; investigations continue and relevant agencies are being involved to identify the perpetrator. Developers will determine the best security

Subject to a Nodes vote, the preferred path would preserve 1:1 backing for Secured Assets

Withdrawals and deposits of Secured Assets remain frozen until Base Layer trading resumes App Layer activity will restart and products will function as intended once Nodes re-enable transfers

Block production has resumed and native token transfers are expected to be enabled soon For full functionality, developers are evaluating whether to patch GG20 or migrate to DKLS and will implement the

Update on the exploit affecting one Asgard Vault, recent developer findings, and the expected impact Key points: The exploit of one of the five Asgard Vaults is believed to stem from a GG20 bug and a single

Update regarding RUJI transfers Withdrawals and deposits at the exchange have resumed, so RUJI can be transferred again

Updates will be provided as more information about the exploit and next steps becomes available, including when native asset transfers and Rujira activity resume. THORChain Exploit Breakdown

Development efforts and product improvements will continue, maintaining commitment to a fair, decentralized financial system.

Rujira will assist THORChain where possible and continue participating in discussions around accounting for the lost funds.

If Nodes can agree and vote on the malicious Node, that Node’s RUNE could be fully slashed and partially used to cover the loss, with the remaining Nodes in the compromised vault refunded. This would keep

Regarding bRUNE: the contract has been bonding RUNE to whitelisted Nodes. The malicious Node was not whitelisted and had no bRUNE bonded, though other Nodes in the compromised Asgard Vault do have bRUNE.

This implies Secured Assets on Rujira are expected to retain full value and be withdrawable once Base Layer trading resumes.