Wu learned that TCB, a member of the Thorchain community, revealed that Thorchain is already in debt and the debt includes a loan debt of $97 million and approximately $102 million in savings and synthetic assets; if there is any large debt redemption and/or deleveraging of depositors and synthetic assets, Thorchain will definitely not be able to fulfill its obligations priced in BTC and ETH; validators have decided to suspend the network during the voting and restructuring plan. John-Paul Thorbjornsen, the founder of ThorFi, stated that the network will be temporarily paused via Nó; 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 debt after the restructuring.
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Thorchain já está em situação de insolvência, os validadores decidiram suspender a rede temporariamente ao votar no plano de reestruturação
Wu learned that TCB, a member of the Thorchain community, revealed that Thorchain is already in debt and the debt includes a loan debt of $97 million and approximately $102 million in savings and synthetic assets; if there is any large debt redemption and/or deleveraging of depositors and synthetic assets, Thorchain will definitely not be able to fulfill its obligations priced in BTC and ETH; validators have decided to suspend the network during the voting and restructuring plan. John-Paul Thorbjornsen, the founder of ThorFi, stated that the network will be temporarily paused via Nó; 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 debt after the restructuring.