THORChain Incident Update #6
The next major step in the recovery process is now underway. Validators are being asked to review, approve, and prepare for the v3.19.0 upgrade, which contains the TSS security patches and ADR028 implementation designed to address the economic impact of the hack.
One of the key additions in this release is a new mechanism that allows the network to quarantine compromised vaults. This ensures affected vaults can no longer participate in transaction processing while the network maintains full visibility over their activity.
The recovery plan is as follows:
1/ Vote to approve release 3.19.0.
2/ Upgrade the network on Monday.
3/ Enable the Compromised Vault mimir to quarantine the compromised vault.
4/ Validate the ADR-028 store migration.
5/ Verify the integrity of every node's keyshares via the new temporary keyverify protocol.
6/ Unhalt signing.
7/ Initiate the churn.
8/ Wait for churn to finish
9/ Unhalt Secured and Trade assets
10/ Unhalt LP actions
11/ Unhalt trading
If approved by validators, the upgrade is expected to begin tomorrow, bringing the network one step closer to a full restart.