PANews, June 20 – THORChain has posted an incident update on the X platform, stating that the network is in the final phase of recovery. Currently, the key share integrity of each node is being verified through the new KeyVerify protocol. This step confirms the security of each vault before fund transfers can begin. Once verification is complete, the next major step is the fund transfer itself, during which the network will move all funds to new vaults. The duration of the fund transfer is the main uncertainty and may take anywhere from a few hours to several days. After the fund transfer is complete, the remaining steps will proceed rapidly: re-enabling secured assets and trading assets, liquidity provider operations, and finally, trading functionality.

Earlier news, THORChain released its attack incident recovery plan, and node operator voting has begun