THORChain has brought back trading and transaction signing on most of its external networks after a weekend outage tied to an Ethereum block reorganization. The restart came as the protocol worked through the impact of a refund error that resulted in an extra 10 Ether payout.
The recovery helped lift market sentiment around the project’s token. RUNE was trading near $0.64 on Wednesday, up about 15% over the previous 24 hours, according to the source report.
Most external networks are back online
THORChain’s network status page showed trading and transaction signing marked as operating normally on 10 of the protocol’s 13 listed external networks. Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Tron and Zcash were among the chains where trading had been restored.
Avalanche, Base and XRP were already functioning at the time trading was halted, according to the report. Three networks had not yet returned to normal status: BNB Smart Chain, Cosmos Hub and Solana continued to display warnings for both trading and signing.
A one-block reorg set off the pause
The interruption began on Saturday after a one-block reorganization on Ethereum removed a 10 ETH deposit that THORChain had already credited. That left the protocol treating the funds as available even though its vault had not actually received them.
When the related swap later failed to meet its price limit, THORChain issued a refund based on the credited amount. The sender’s real deposit was then also refunded, producing an additional 10 ETH payout and activating an automatic halt.
Developers investigated while operators stopped trading
Following the incident, node operators paused trading across multiple networks while developers examined the bug and its effects. The shutdown temporarily cut off a number of cross-chain swap routes during the investigation.
The pause also had an unexpected side effect beyond THORChain’s own operations. According to the report, it disrupted efforts to move funds stolen in the Binance hack, delaying laundering attempts attributed to North Korean hackers.
What has changed after the restart
The partial restart means THORChain has reopened a large share of its cross-chain swap infrastructure, even though the system has not fully returned to normal across every supported network. Restoring trading and signing on the majority of listed chains is a significant operational step after the automatic shutdown.
The next confirmed step is a full restoration of the remaining paused networks. For now, BNB Smart Chain, Cosmos Hub and Solana still show warning status, indicating that THORChain’s recovery process is continuing rather than complete.
Source: cointelegraph.com