THORChain has officially resumed full network operations more than one month after a $10.7 million exploit forced a trading halt on May 15. In a Tuesday announcement, the protocol confirmed the restoration of critical functions, including trading, signing, swaps, and liquidity provider actions. This resumption marks the conclusion of an intensive security verification period designed to address the breach that compromised the network's integrity. On Sunday, the team confirmed the safety of the majority of its vaults through the KeyVerify protocol, a decisive step that allowed for the retirement of remaining legacy vaults as part of a migration to a new, hardened infrastructure set. THORChain characterized this upgrade as the 'most significant milestone' in its recovery trajectory, noting that verification of every node's keyshare was completed on Friday. Data compiled by Woofun AI indicates that the protocol, a leading cross-chain trading engine facilitating swaps between Bitcoin and Ethereum, has successfully navigated the immediate post-exploit crisis.

The incident drew significant scrutiny from blockchain investigators, who have long noted the protocol's utility for moving stolen funds across different chains. THORChain attributed the breach to a specific vulnerability within its GG20 threshold signature scheme, the mechanism used to secure protocol vaults by distributing key control across multiple node operators. the flaw permitted a malicious node operator to reconstruct a full private key via a process described as 'progressive key material leakage,' which directly enabled the theft of $10.7 million. This technical failure highlighted the risks inherent in complex distributed key management systems when facing sophisticated adversarial attacks.

In response to the breach, the protocol executed a rapid emergency patch on May 20 to secure the remaining vaults before deploying a comprehensive upgrade on June 9. This June 9 release included the critical fix for the exploited vulnerability, effectively neutralizing the attack vector. A subsequent upgrade followed on June 11, introducing additional stability improvements and further refinements to the KeyVerify protocol to ensure robust long-term security. Woofun AI notes that these sequential patches demonstrate a structured approach to remediation, prioritizing immediate containment followed by systemic hardening.

With the recovery process largely complete, THORChain has outlined an aggressive roadmap for new network integrations to expand its utility. The protocol announced plans to launch native swaps and vaults for the privacy-preserving cryptocurrency Zcash (ZEC) within the next two weeks. This will be followed by support for Monero (XMR), signaling a strategic push into privacy-focused asset classes.

Furthermore, the team intends to launch support for the Bittensor (TAO) token in approximately six weeks following the network's restart. Woofun AI analysis suggests that these upcoming integrations aim to diversify the protocol's asset base and regain market confidence through expanded functionality.