THORChain proposes recovery plan after May 15 exploit, no new RUNE minted
THORChain has proposed a recovery plan following a $10.7 million exploit on May 15. The plan, known as ADR028, aims to cover losses through Protocol-Owned Liquidity without minting new tokens. The rapid response to the attack prevented further losses to user funds or liquidity provider positions.
- ▪THORChain lost approximately $10.7 million due to an exploit by a rogue node operator.
- ▪The recovery proposal will absorb losses through Protocol-Owned Liquidity and will not involve minting new RUNE tokens.
- ▪THORChain's automated solvency checker detected the anomaly quickly, allowing for a swift network freeze.
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THORChain proposes recovery plan after May 15 exploit, no new RUNE minted The cross-chain protocol's ADR028 recovery proposal absorbs $10.7 million in losses through Protocol-Owned Liquidity rather than diluting existing token holders. Share Add us on Google by Editorial Team May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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