THORChain Resumes Trading After $10.7M Vault Exploit Without New RUNE Mint
- Trading Resumption: THORChain has resumed trading after being offline for over a month, with core network functions including signing, liquidity provision, and asset swaps back online, marking the return of one of the largest native cross-chain liquidity networks.
- Security Incident Response: The May 15 exploit resulted in a loss of approximately $10.7 million from a single vault, prompting THORChain to implement automatic solvency checks and manual pauses, successfully limiting the loss and controlling trading activities within two hours.
- Recovery Path: THORChain's recovery strategy utilizes protocol-owned liquidity to absorb the loss instead of issuing new RUNE, which protects the RUNE supply narrative but increases operational costs, as the protocol must rebuild activity through fees and renewed trader confidence.
- Future Developments: With trading and liquidity activities restored, THORChain plans to support privacy assets like Monero and Zcash in the future, although this will raise security standards for vault operations and chain integrations.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000137 | 0.000151 | 0.000167 | 0.000181 | 0.000197 | 0.000211 | 0.000226 |
| Fibonacci | 0.000151 | 0.000162 | 0.000169 | 0.000181 | 0.000192 | 0.000199 | 0.000211 |
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