The decentralized finance (DeFi) platform Thorchain has recently announced a debt restructuring plan to address a $200 million loss. This move comes after the platform experienced a security breach that resulted in hackers draining the funds from its liquidity pools.

Thorchain’s debt restructuring plan aims to enable the platform to recover from the significant loss and continue delivering its services to users. The platform is working closely with its community to implement the necessary measures to mitigate the impact of the security breach and prevent future incidents.

By restructuring its debt, Thorchain is taking proactive steps to stabilize its financial situation and ensure the future sustainability of the platform. The community has shown strong support for the plan, highlighting the resilience and determination of Thorchain in overcoming challenges.

As Thorchain progresses with its debt restructuring plan, users can expect improved security measures, enhanced transparency, and a commitment to protecting users’ funds. The platform remains dedicated to providing a secure and reliable environment for decentralized finance activities, emphasizing the importance of safeguarding users’ assets in the rapidly evolving DeFi space.

The post THORChain Gives Green Light to $200M Debt Restructuring Plan appeared first on Crypto Breaking News.

---

Filed under: News - @ February 4, 2025 11:26 am