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THORChain concludes 2 security audits following summer exploits
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Cross-chain liquidity protocol THORChain has fully recovered from two summer exploits that compromised millions of dollars in user funds after the company announced Thursday that it had received passing grades in a new security audit.
The simultaneous audits, which were carried out by cybersecurity companies Trail and Bits and Halborn, allowed THORChain to implement a five-step recovery plan. THORChain’s contributors now say the protocol is fully operational after a restart brought all the major cryptocurrency integrations and cross-chain trading features back online.
In addition to the audit, THORChain announced that it has commissioned Immunefi, a leading bug bounty platform for the DeFi sector, with a bounty program to identify new
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