CryptoRelay on Nostr: 📰 THORChain urgently drops risky DeFi features amid 199 million debt THORChain has ...
📰 THORChain urgently drops risky DeFi features amid 199 million debt
THORChain has suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after reports of a $199 million liability surfaced. On Jan. 24, THORChain founder John-Paul Thorbjornsen disclosed that validator node activities for THORFi services have been paused. This suspension temporarily halts debt repayments and synthetic asset redemptions while validators deliberate on a restructuring […]
The post THORChain urgently drops ‘risky’ DeFi features amid $199 million debt appeared first on CryptoSlate.
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https://cryptoslate.com/thorchain-urgently-drops-risky-protocol-features-amid-199-million-debt/
THORChain has suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after reports of a $199 million liability surfaced. On Jan. 24, THORChain founder John-Paul Thorbjornsen disclosed that validator node activities for THORFi services have been paused. This suspension temporarily halts debt repayments and synthetic asset redemptions while validators deliberate on a restructuring […]
The post THORChain urgently drops ‘risky’ DeFi features amid $199 million debt appeared first on CryptoSlate.
#bitcoin #crypto #news
https://cryptoslate.com/thorchain-urgently-drops-risky-protocol-features-amid-199-million-debt/