Thorchain Returns To Operation After The Outage Incident

Thorchain is back up following a 20-hour outage caused by a technical fault.

On Friday afternoon, Thorchain validators collectively restarted the network and began creating new blocks. The network is still not completely operational for on-chain trading, which will be enabled in a few hours when the outstanding backlog of transactions is cleared.

Because of a unique transaction-type software fault that interrupted communication between its nodes, the network validators lost consensus yesterday. The problem stopped validators from verifying fresh network transactions.

Thorchain could not validate new transactions for 20 hours, according to its official block explorer. The investors did not lose any money during the interruption. However, deposits and withdrawals for RUNE, the blockchain native token, have been halted on controlled exchanges like Kucoin.

Last year, security flaws in the blockchain cross-chain swap were repeatedly exploited, resulting in losses of more than $13 million.

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