THORChain’s $10.7M Hack: Will They Actually Avoid Diluting RUNE Holders This Time?

THORChain, in a statement as breathless as it is predictable, has confirmed that its developers and security teams remain hard at work hauling the beleaguered network back to life, a full fortnight after the rather unseemly May 15 incident.

developers need to confirm that the patched releases can support safe network operations, a task that is significantly harder when you’ve already proven you can’t secure a single vault. The second is financial: the protocol must finalize loss coverage, bounty terms, and recovery figures without creating new RUNE supply, a constraint that will no doubt be “reconsidered” the second the holders start asking for their money back.

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2026-05-27 12:09