THORChain announced that its network recovery is in the final stages, with key verification underway. The KeyVerify protocol is being used to ensure the integrity of each node's key sharing, a crucial step before funds can be transferred. Once verification is complete, the network will proceed with transferring all funds to new vaults, a process that could take from several hours to a few days. Following the fund transfer, the network will quickly move to re-enable secure asset and transaction operations, liquidity provider activities, and trading functions. This update follows THORChain's release of a recovery plan after a recent attack, with node operator voting already initiated.
THORChain Nears Completion of Network Recovery
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