THORChain Incident Update #6
The next major step in the recovery process is now underway. Validators are being asked to review, approve, and prepare for the v3.19.0 upgrade, which contains the TSS security patches and ADR028 implementation designed to address the economic impact of the hack.
One of the key additions in this release is a new mechanism that allows the network to quarantine compromised vaults. This ensures affected vaults can no longer participate in transaction processing while the network maintains full visibility over their activity.
The recovery plan is as follows:
1/ Vote to approve release 3.19.0.
2/ Upgrade the network on Monday.
3/ Enable the Compromised Vault mimir to quarantine the compromised vault.
4/ Validate the ADR-028 store migration.
5/ Verify the integrity of every node's keyshares via the new temporary keyverify protocol.
6/ Unhalt signing.
7/ Initiate the churn.
8/ Wait for churn to finish
9/ Unhalt Secured and Trade assets
10/ Unhalt LP actions
11/ Unhalt trading
If approved by validators, the upgrade is expected to begin tomorrow, bringing the network one step closer to a full restart.
Join the crypto crowdfunding campaign for internet freedom; every dollar you donate is amplified by generous donors. Donate today: https://t.co/N4uurPwEFi
In case you missed Stevan Radonjanin's (@cryptoStevan) on-stage announcement at last week's Nordic Blockchain Conference 👇
@Penning_dk acquires @veli_io's wealth-management business to launch Penning Wealth.
Penning - one of Denmark's first MiCA-licensed CASPs and a member of Nordic Blockchain Association - has today officially announced the acquisition of Veli's wealth-management business.
The new offering will be launched as Penning Wealth and operate as the wealth-management arm of Penning, under their MiCA authorisation and passported across the EU and EEA.
A big congratulations to both the Penning and Veli teams on this milestone!
🌟 This is the value of the Nordic blockchain ecosystem in action - where conversations become connections, connections become partnerships, and partnerships create real business outcomes.
👥 Join Penning and become part of Nordic Blockchain Association today: https://t.co/pxzT8chsk9
Tillykke Jakob og vigtigt initiativ
Fra @nordicblock perspektiv bør et oplagt første skridt være en gennemgang af personbeskatningen af kryptoaktiver, som i dag berører mere end 500.000 danskere.
Globalt investerer lande massivt i blockchain, digitale aktiver og ny finansiel infrastruktur. Danmark har gode forudsætninger for at være med og potentielt skabe et nyt eksporteventyr,
Jeg skriver dette på vej til det første møde i UNDPs globale Blockchain Advisory Group i Paris, hvor netop disse emner er højt på den internationale dagsorden.
Vi bidrager gerne med indsigt og konkrete erfaringer fra det nordiske økosystem - lad os tage en kaffe
No details yet, but a major issue has led to the Zcash network doing a rapid fork, and includes miners (temporarily) refusing to mine Orchard transactions.
This means that Zcash in Cake won’t work ATM due to the broader network issues, and unfortunately there isn’t anything we can do about that as it’s a network-wide issue.
Will update when that changes.
What if your donation could have a bigger impact than its dollar amount?
Here’s everything you need to know about @torproject’s Fund Internet Freedom campaign - including quadratic funding, donation matching, and why this effort matters.👇
https://t.co/7QH3n8sP1S
NBC2026 is officially a wrap 🚀
Nearly 10 years in, and like last year, this edition raised the bar yet again - without a doubt our strongest and most memorable conference yet.
What happens at Nordic Blockchain Conference has never just been about the stage program. It’s the conversations at the roundtables, the dinners, and the afterparties. The spontaneous meetings that turn into partnerships, companies, collaborations, and long-term friendships.
As our CEO, Jakob Mikkel Hansen (@Jayks7), said in his closing remarks, the Nordics are ready.
Full stop.
The question is no longer when - it's how. And the "how" is ours to build, together. And that is precisely what Nordic Blockchain Association was set up to do.
To everyone who attended, spoke, sponsored, partnered with us, volunteered, or helped make everything happen behind the scenes: thank you.
More photos and content coming soon - stay tuned!
For over a decade, the Monero community has shown immense generosity in funding internal efforts via the CCS.
Now let's show the broader freedom tech space our generosity and passion to use our hard-earned Monero to #FundInternetFreedom and prove a core use-case for Monero at the same time.
If you believe in Monero and want to see it succeed, this is a rare opportunity to prove it's value to the broader privacy space and show off the mettle of the community at the same time.
Jump in and let's get these projects funded!
Internet freedom has been on the decline for 15 years straight. 😳
We are honored the @torproject chose Cake Wallet to power native crypto donations for this vital campaign.
To support a freer web, we are also matching donations up to $50,000! Join us to help #FundInternetFreedom. 🤝
https://t.co/LvFsqLdb6M
Alright Thorchads! Once again, here is my proposal on how to move forward after Friday’s TSS vault exploit. Looking forward to constructive feedback to make it better, and looking forward to read new and different proposals if you have one! It is important to participate actively during this time. Let’s go!! @THORChain
https://t.co/2gxyCV30aZ
We've just wrapped up the @bchbliss conference!
One of the more focused and passionate ones we've been to recently. Looking forward to working with the Bitcoin Cash community in the future.
See you all at @nordicblock's conference next week!
#NBC2026 brings together the organisations shaping the future of digital finance, emerging technology, and regulatory innovation.
This is reflected in this year’s Bronze Sponsors, where we’re proud to welcome:
🤝 @Visa
🤝 @Bitpanda Enterprise
🤝 @taurus_hq
🤝 @tradiasde
🤝 @nbxcom
🤝 @coinspaid
🤝 @tangany
🤝 @OVHcloud
🤝 @AllUnityStable
🤝 @blockpit_io
🤝 @Myrmidonstaking
🤝 @crm_hq
🤝 @veli_io
🤝 @SAIBASPACE
🤝 https://t.co/6VXZPwojPg
Across payments, custody, trading infrastructure, cloud services, compliance, analytics, staking, and financial technology, these organisations contribute to the next generation of digital financial markets and institutional innovation.
🎟️ Don’t miss this landmark edition of the Nordic Blockchain Conference. Get your ticket today: https://t.co/0IXHQ19ovw
📣 Panel: The Protocol Dilemmas - Balancing Interoperability, Scalability, Privacy & Security
As blockchain adoption continues to expand, core protocol properties such as scalability, interoperability, privacy, and security are increasingly defined in relation to one another - shaping how networks are designed, connected, and secured.
At #NBC2026, this panel brings together builders, ecosystem leaders, and infrastructure specialists to explore how these fundamental dimensions interact in practice, and what that means for the future of decentralised systems.
We look forward to hearing from:
⭐ Liam Karwan (@KarwanLiam05) - Head of RWA & Stablecoins, GTM @chainlinklabs
⭐ Shirly Valge (@ShirlyValge) - Ecosystem Development @InstituteFT
⭐ Joël Valenzuela (@TheDesertLynx) - Director of Marketing & Business Development @Dashpay
⭐ Jacob Stenum Czepluch (@_czepluch) - Developer Advocate @solidity_lang/@argotorg
⭐ Halvor Bakke-Veiby (@h4lvor) - Co-Founder @RiftenLabs
Together, they will bring different perspectives from across the ecosystem to unpack the key dilemmas shaping modern blockchain infrastructure.
🎟️ Just 2 weeks to go. Tickets are going quickly - secure yours here: https://t.co/0IXHQ19ovw