THORChain Suspends Ethereum On-Chain Operations due to Reorganization Triggering Double Refunds

Techub News reports that the cross-chain protocol THORChain has suspended operations on the Ethereum network after a reorganization occurred. This reorganization caused the protocol to trigger double refunds. The THORChain team stated that the suspension of operations is to prevent further financial loss and to investigate the root cause of the incident. This incident highlights the vulnerability of cross-chain protocols to blockchain reorganizations, affecting their reliability and complicating the tracking of illicit funds. (Crypto Briefing)