THORChain Pauses Bitcoin And Ether Withdrawals Amid Insolvency Concerns

According to CoinDesk, THORChain has temporarily halted bitcoin (BTC) and ether (ETH) withdrawals from its lending and savers programs to mitigate potential insolvency risks. This decision was made by network node operators who proposed and implemented a 90-day pause during early Asian hours on Friday. The pause aims to provide time to devise a strategy to address existing debts, as indicated... source: https://www.binance.com/en/square/post/19359854055322?utm_source=BinanceNewsRSS