Known as one of the most problematic projects in the crypto money industry THORChain, It is on the agenda again with a problem.
Project with multiple vulnerabilities in ETH Router system was attacked twice. In the first attack, all ETHs on the ETH Router were stolen, while in the second, all the economically valuable ERC-20 tokens were stolen.
The THOR Team Can’t Get Enough of Attack
In the post shared by the THORChain team, it was emphasized that this attack, which took place on the night of March 19, is now under control and the network has stopped for a short time.
All operations on the network stopped for about 6 hours and the network became unusable. The THORChain team stated that the incident was under control and no additional funds were stolen.
Unexpected-Halt Post-Mortem.
The chain correctly halted on an exception and a fix was pushed to a live network in record time.
From discovery to restart in less than 6 hours with no lost tx.
Kudos to the community of devs and node operators for an amazing response. 👏 https://t.co/DBi67nn1Ks
— THORChain #THORFI (@THORChain) March 18, 2022
So why exactly did the protocol, which experienced such a massive attack, not experience a serious price drop? The biggest reason for this is that the THOR team is preparing for a very big update on Monday.
Looking at the post shared by the lead developer of the THOR team, it is seen that the first of the hard forks in the history of THORChain will be implemented on Monday.
The developer stated that Cosmos networks are constantly hard forking for the update, but the Thorchain team has developed a much different system.
Monday’s hard fork will be the first one in @THORChain‘s history.@cosmos chains regularly do hard forks as an update mechanism, but the TC devs developed a more agile system.
It’s been tried successfully on the stagenet.
— THORchain.BULL 🌔 (@THORmaximalist) March 19, 2022
The big hard fork announcement is currently seen as the main factor keeping the THOR price afloat. THORChain team may also have benefited from the general rise of Bitcoin and altcoins.