THORChain suffers network outage but why did RUNE witness a rise

ambcrypto.com:

THORChain suffered two back-to-back exploits on its ETH Router. The first took all the ETH from the system via an attacking contract that sat in front of the Router. The second took all the economically significant ERC20s via an attacking agreement that sat behind the Router.

Well, the DeFi protocol has come a long way. On 10 March, it was thethird-largest project as per Messari. But this doesn’t guarantee a long time, hiccup-free rides. 

THOR Chain experienced a 6-hour network outage in the early hours of 19 March. However, it has recovered since. And, all pending transactions have been listed in subsequent blocks. This wouldn’t come as a total surprise given the platform’s immense traction in 2022. In fact, the hard fork scheduled for the following Monday was expected to be delayed by six hours due to the outage.

THORChain tweeted that its network recovered after a brief outage and that no funds were currently at risk. 

The chain correctly halted on an exception and a fix was pushed to a live network in record time.

From discovery to restart in less than 6 hours with no lost tx.

Kudos to the community of devs and node operators for an amazing response.