THORChain, a decentralized liquidity protocol, suffered a $10.7 million exploit due to a critical vulnerability, just weeks after security firm V12sec warned them about a similar bug. Although THORChain patched the initial flaw, they informed V12sec that their bug bounty program was "permanently retired." The recent exploit, which mirrored the previously identified issue, has prompted V12sec to announce they have additional vulnerabilities and plan to disclose them publicly.