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Story thread · 3 updates · October 31, 2026 → November 4, 2026

THORChain Multi-Chain Outage and Phased Route Resumption

Where things stand · updated 2h ago

THORChain is restoring cross-chain functionality following an outage that halted trading across multiple networks.

Where things stand

Validators have reactivated swap routes for primary networks, including Bitcoin ($BTC), Ether ($ETH), and Tron ($TRX). Cross-chain operations remain restricted on Cosmos Hub, BNB Smart Chain, and Solana ($SOL) as 14 node operators complete required software upgrades.

The core conflict

The disruption originated from a refund error that forced swap operations to halt across 12 connected blockchains, while outbound signing remained functional. An Ethereum reorganization also contributed to the halt. During the outage, node operators faced scrutiny over illicit transaction volumes after the pause disrupted asset laundering linked to North Korea, yet validators ultimately voted to resume operations on major routes.

What happens next

Full network restoration depends on the remaining 14 validators deploying the required updates to lift trading limits on BNB Smart Chain, Solana, and Cosmos Hub.

Timeline

  1. THORChain Restarts Most Swaps While 14 Nodes Await Upgrade

    Restrictions remain on Cosmos Hub, BNB Smart Chain, and Solana as validators work through updates.

  2. THORChain Restores Swaps for Most Chains After Outage Interrupted North Korean Laundering

    Node operators voted to reactivate Bitcoin, Ether, and Tron routes following an Ethereum reorg halt, despite warnings of illicit flows.

  3. THORChain Pauses Swaps Across 12 Blockchains After Refund Error

    Cross-chain swap operations remain blocked on 12 networks following a refund issue, while outbound signing stays active.

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