THORChain Denies Refund, Airdrop, or Compensation Plans Amid Security Incident

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On-chain data shows that THORChain issued a statement on May 16, 2026, denying any plans for refunds, airdrops, or compensation following recent security discussions. The project warned of fake accounts and false claims circulating on social media, emphasizing that no funds were lost. THORChain is collaborating with THORSec and security partners on an ongoing investigation. Users are advised to refer to official channels for updates. On-chain analysis confirms the project previously reported a $10.7 million loss from an Asgard vault attack.

BlockBeats report: On May 16, according to official statements, THORChain noted the emergence of multiple fake accounts on social media spreading false information regarding "refunds," "airdrops," and "compensation plans." Preliminary investigation results indicate no user funds were lost in this incident, and THORChain is currently not conducting any refunds, airdrops, or compensation programs—any such claims are fraudulent or misleading.


THORChain stated that the team is still investigating the incident in collaboration with THORSec and external security partners, and will continue to provide updates as the investigation progresses. Meanwhile, the official team advises users to obtain information solely through official channels to avoid being misled by false reports.


Previously reported, THORChain confirmed that the Asgard vault was compromised, resulting in a loss of approximately $10.7 million.

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