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Thorchain Glitch Blocks Binance Hack Route as FBI Presses Nodes
A one-block Ethereum reorganization on Saturday triggered a double refund involving 10 ETH on Thorchain, setting off an emergency pause that disrupted cross-chain swaps across most of its supported networks. Chainalysis said the malfunction inadvertently delayed laundering activity connected to Binance’s $6.
Why it matters
Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Block
- A batch of transactions added to a blockchain together.