Wu learned that TCB, a member of the Thorchain community, disclosed that Thorchain is already insolvent, with debts including $97 million in borrowing and approximately $102 million in savings and synthetic assets; if there is any large debt redemption and/or deleveraging of depositors and synthetics, Thorchain will definitely be unable to fulfill its obligations priced in BTC and ETH; validators have decided to suspend the network during the voting and restructuring plan. Thorchain founder John-Paul Thorbjornsen stated that ThorFi will be temporarily suspended through Nodo; with the help of TCB, Tyler Reynolds, and Nine Realms, the restructuring will be carried out within 90 days; the protocol itself is still functioning well; the assets earned by the protocol can be used to handle the debts after the restructuring.
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Thorchain está en bancarrota y los validadores han decidido suspender la red durante la votación del plan de reestructuración.
Wu learned that TCB, a member of the Thorchain community, disclosed that Thorchain is already insolvent, with debts including $97 million in borrowing and approximately $102 million in savings and synthetic assets; if there is any large debt redemption and/or deleveraging of depositors and synthetics, Thorchain will definitely be unable to fulfill its obligations priced in BTC and ETH; validators have decided to suspend the network during the voting and restructuring plan. Thorchain founder John-Paul Thorbjornsen stated that ThorFi will be temporarily suspended through Nodo; with the help of TCB, Tyler Reynolds, and Nine Realms, the restructuring will be carried out within 90 days; the protocol itself is still functioning well; the assets earned by the protocol can be used to handle the debts after the restructuring.