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THORChain releases ADR028 proposal, initiating the network recovery plan for the May 15th vulnerability incident
Deep Tide TechFlow News, May 22 — According to an official release from THORChain, regarding the vault vulnerability attack that occurred on May 15 (involving approximately $5.99 million), THORChain has now published the ADR028 proposal and opened voting for node operators.
In terms of recovery plans, losses will be primarily absorbed by the protocol's own liquidity (POL), with the remaining portion shared by synthetic asset holders. Once POL drops to zero, it will be gradually replenished through system revenue, without minting new RUNE, selling RUNE, or diluting holders.
On the technical side, the GG20 mechanism will be retained and upgraded with patches; trading can only resume after the vulnerability is fixed and successful asset swaps are completed. Future releases will adopt a more conservative security update schedule.
Regarding the penalty mechanism, innocent nodes are protected, while attacker nodes will be fully slashed. Surplus assets after pairing with RUNE will be burned. Additionally, the official offers a bounty to attackers in exchange for the return of funds; if partial funds are returned, the recovery plan will be proportionally rolled back.