News Explorer — Thorchain Freezes Funds Amid $200 Million Toxic Debt Crisis

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Jan 24, 11:11 pm

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Thorchain Freezes Funds Amid $200 Million Toxic Debt Crisis

Thorchain has paused its savers and lending programs, leaving $111 million in borrowed assets and $98 million locked in savers vaults. The network faces insolvency, prompting a freeze on funds to prevent a disaster scenario for the DeFi protocol.

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