THORChain (RUNE) is restarting. The decentralized cross-chain DEX, paused since Could 15 after a $10.7M exploit drained considered one of its vaults, is rolling out v3.19, its official restart launch, with mainnet adoption focused for the primary week of June.
RUNE is buying and selling close to $0.38–$0.41 on the time of writing, down sharply from pre-exploit ranges and -35% over the previous 30 days. It has a market cap of roughly $133M, making it the 222nd-largest digital asset.
$RUNE is pushing instantly right into a heavy resistance zone round $0.382–$0.385.
That is the place rejection threat is excessive.
If bears defend this zone, RUNE can cool off in direction of $0.370 first, then $0.360–$0.365. pic.twitter.com/rpEV0LXP5V
— ChiefraT (@ChiefraFba) June 9, 2026
The headline addition ready within the wings as soon as buying and selling resumes: Monero. XMR is confirmed as the primary asset within the DEX queue, giving THORChain a privacy-coin narrative no different main cross-chain protocol can presently match. The neighborhood is looking it a renaissance.
Right here is the central pressure this text unpacks: v3.19 fixes the quick cryptographic downside and provides a genuinely distinctive asset. Whether or not that’s sufficient to reverse months of RUNE injury depends upon execution, and THORChain’s execution observe file is presently on trial.
The TSS THORChain Exploit Defined and What V3.19 Really Fixes
THORChain Has Entered The Ultimate Restart Part
The thrill is reaching one other stage.
At this time validators are voting to quarantine the compromised vault, one of many closing essential safety milestones earlier than THORChain can proceed towards a full community restart.
This implies…
— fincontrarian (@fincontrarian) June 9, 2026
THORChain employs a Threshold Signature Scheme (TSS) the place a number of nodes should signal transactions, stopping any single node from shifting funds independently.
An attacker exploited a flaw within the GG20 TSS implementation, leveraging undisclosed cryptographic weaknesses. Soda Labs confirmed it was a zero-day vulnerability and required human cryptographers to confirm it, as AI fashions couldn’t replicate the assault.
The rollout of model 3.19 addresses this by patching the TSS library, resolving a ~$10M hole by a governance-approved migration and initiating an 11-stage restart that takes a couple of week to totally resume operations. Individually, a $700K accounting difficulty was additionally addressed.
A controversial determination was to quickly close-source the TSS library throughout Soda Labs’ audit. Kenton, a THORChain member, famous that this alternative allowed for quicker restoration at the price of transparency, sparking debate throughout the neighborhood. The library is anticipated to return to open-source standing in upcoming releases.
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Why Monero First and Whether or not XMR Can Transfer the RUNE Needle
(SOURCE: TradingView)
Monero’s outstanding place within the DEX queue stems from the shortage of trustless, non-custodial choices for XMR customers, particularly since main centralized exchanges have delisted it. If THORChain permits native XMR swaps, it may dominate permissionless Monero liquidity, permitting it to set a beginning payment of fifty bps as a result of its pricing energy.
For RUNE holders, elevated Monero quantity interprets to higher demand for RUNE since each swap settles by it. This has sparked the “THORChain renaissance,” during which the mixing of Monero is seen as a big step past mere restoration. Nonetheless, the protocol’s prior points with privacy-asset integrations elevate considerations about its potential to soundly handle high-privacy L1S.
Whereas Monero quantity is anticipated to be reasonable initially, the broader roadmap contains different belongings equivalent to Zcash and Polygon. Monero serves because the opening act for THORChain, not your complete present.
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The submit THORChain V3.19 Is Dwell: Monero Is First Up However Can it Save RUNE? appeared first on 99Bitcoins.
