THORChain has resumed trading on most of its connected networks after an error that largely halted swaps over the weekend, Crypto Insiders reported on November 4. Users can again swap bitcoin and ether directly against other cryptocurrencies.
Reopening required software version 3.21.1, which independent node operators had to install before trading could be enabled chain by chain. According to THORChain’s official update, trading is active again on Avalanche, Base, Bitcoin Cash, Bitcoin, Dogecoin, Ethereum, Litecoin, Tron, XRP Ledger and Zcash. Cosmos, BNB Smart Chain and Solana remain paused, with no timing announced. At the time of the announcement, 14 active node operators had not yet installed the update.
The problem started on Saturday after a brief reorganization of Ethereum’s transaction history. A 10 ETH deposit disappeared from the final version of the chain after THORChain had already processed it, and the system refunded the user twice, so 10 ETH left a shared vault without the same amount definitively arriving. An automated check detected the shortfall and halted Ethereum trading, and operators then paused other networks as a precaution. The recipient returned the extra 10 ETH.
The pause had a side effect: Chainalysis said it inadvertently slowed the laundering of funds from the Binance hack, which had been routed through THORChain, Cointelegraph reported. The FBI has asked THORChain node operators to block transactions linked to that attack.
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Sources:
Crypto Insiders: THORChain heropent cryptohandel op 11 netwerken na fout
Cointelegraph: Binance hackers move 81% of stolen Solana, route funds via THORChain
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