THORChain halts trading after compromised Asgard vault drains estimated $10.7M from protocol funds

THORChain says one of its six Asgard vaults was compromised, forcing trading and signing activity to halt after abnormal outbound transactions. The protocol estimates losses around $10.7M, says only protocol-owned funds were hit and no individual swaps were affected, while bonded RUNE from nodes securing the vault has been slashed. Churn is paused, new chain onboarding is delayed, and node operators are being told to review infra, key management, and Bifrost logs while the root-cause investigation runs.

TLDR by @Benthic

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