The whitehat requested a 10% bounty – which will be awarded if they reach out, and they should be encouraged to do so. It is a tough time for the community and project, and the pain is real. The treasury has the funds to cover, but it's time to slow down.— THORChain (@THORChain) July 23, 2022
Thorchain said he plans to keep the network unavailable for now while they do some code fixes. The next step would be to restore solvency – perhaps including payment of the reward. The platform will restart, according to the company, but there are no specific dates for when this will occur. Prior to this attack, Thorchain had already suffered a relatively small incident of US$ 140,000 at the end of June and a $5 million hack just a week ago (15). The price of the RUNE token drops 22% in 24 hours on the news, according to CoinGoLive. The asset is currently trading at $3.60. RUNE / TetherUS Daily Chart – Source: Tradingview.comRead more: Buy and sell Bitcoin and other cryptocurrencies on Coinext
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