Thorchain Faces $10.8M Exploit, Launches $10M Compensation Portal
- Network Activity Halted: Thorchain paused all network activities immediately after suffering a $10.8 million multichain exploit, affecting 12,847 wallets and highlighting vulnerabilities in its cross-chain liquidity routing layer.
- Compensation Plan Launched: The Thorchain Foundation initiated a $10 million compensation portal aimed at returning funds to verified victims, although this amount falls short of the total $10.8 million stolen, indicating partial compensation capability for user losses.
- Investigation into Attack Source: Investigators suspect the exploit may have originated from within the validator set, with evidence pointing to a newly churned node potentially linked to the attack, underscoring the security challenges faced by cross-chain protocols.
- Future Remediation Plans: The network will remain halted until the vulnerability is confirmed to be patched, with the timeline for resuming operations potentially spanning days to weeks, prompting affected users to monitor official channels for access instructions and claim deadlines.
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Technical Analysis for PORTAL
Technical Sentiment Analysis for Portal (PORTAL). As of , Portal (PORTAL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PORTAL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PORTAL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Portal (PORTAL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0058 | 0.00727 | 0.00881 | 0.0103 | 0.0118 | 0.0133 | 0.0148 |
| Fibonacci | 0.00727 | 0.00842 | 0.00913 | 0.0103 | 0.0114 | 0.0121 | 0.0133 |
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