On March 28th, THORChain, a decentralized cross-chain liquidity protocol, announced that it had paused all trading due to reports of a potential vulnerability affecting the network. The protocol halted its operations as a precautionary measure while the claims were verified by Nine Realms, THORSec, and other security teams.
THORChain Halts Trading Due to Potential Network Vulnerability
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USDC issuer, Circle, has issued a statement updating investors on its cash reserves, which are currently stuck with Silicon Valley Bank (SVB). This follows the recent collapse of SVB, which has left the fate of USDC’s funds in question. https://coinseek.me/circle-assures-customers-it-will-cover-any-shortfall/
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