THORChain Says Attack Did Not Use Known GG20 Exploits

THORChain said version 3.18.1 will be released tomorrow for node operators and opened a new Discord channel for community governance on lost funds.

RUNE

Summary

THORChain said the attack vector behind the latest incident was not related to known GG20 exploits. The protocol also said version 3.18.1 will be released tomorrow for node operators and that a new Discord channel has been opened to coordinate community governance on lost funds. The update indicates the team is separating this incident from previously identified weaknesses tied to GG20 (threshold signature cryptography method), while moving toward a software update and a governance process for handling user losses.

Terms & Concepts
  • GG20: A threshold signature cryptography method used to let multiple parties jointly control signing without one party holding the full private key.
  • Node operators: Participants who run the blockchain or protocol infrastructure software and help keep the network functioning and updated.
  • Community governance: A decision-making process in which a protocol’s community discusses and helps determine actions such as fund recovery or compensation.