THORChain Halts Trading On 10 Blockchains After Ethereum Reorg Triggers 10 ETH Overpayment
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THORChain has paused trading on most of its supported blockchains after an Ethereum block reorganisation caused the cross-chain protocol to pay out 10 ETH it never received. The incident occurred at 11:34 UTC on October 31, when a one-block reorg on Ethereum dropped a 10 ETH deposit that THORChain had already counted, with the swap missing its price limit and being refunded. The halt affects 10 of the blockchains THORChain supports, leaving users unable to swap assets across networks while the team investigates. The event highlights a structural risk for cross-chain liquidity protocols, which must decide when to treat deposits as final even though blockchains can reorganize recent blocks. THORChain's native token RUNE and the protocol's roughly $1 billion in total value locked face potential confidence tests as users watch for how quickly trading resumes. Key things to watch next include the timeline for restoring trading on the affected chains, whether THORChain adjusts its confirmation-counting rules for Ethereum deposits, and whether similar reorg-related losses recur.
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