ThorChain and its native token Rune was one of the best performing crypto assets during the first leg of the 2022 bull run, with prices climbing from as low as 2 cents in January to an all time high of over 20 dollars in May. But recent weeks have brought a series of hammer blows to the platform, after not one, not two, but three separate attacks exposed some serious flaws on the network. The most recent of which saw hackers making off with coins worth over 8 million dollars. Today, we’ll be looking at how these latest attacks unfolded, how it’s been handled, and what it could mean for Thorchain’s future in the DeFi landscape.
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0:00 Intro
0:56 ThorChain and how it works
2:25 Recent hacks
4:11 Community reaction
5:23 Lessons learned
5:55 Price action
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
