Thorchain announces hack recovery plan

The Thorchain (RUNE) Foundation, which recently lost approximately $10 million in assets to a vulnerability exploit, has announced its recovery plan. The protocol will first use its Protocol Owned Liquidity (POL) to absorb the losses, with any remaining deficit to be distributed among Synth holders. The exact ratio is still being adjusted. The foundation stated that it has no plans to issue or sell additional RUNE and that no dilution of existing holder stakes will occur.