THORChain Activates Zcash Liquidity Pool After Network Node Churn

Overview

• THORChain completed a full network node churn on Oct. 2 and put a ZEC liquidity pool live while keeping native ZEC trading turned off as a separate, staged step.
• The Zcash integration followed months of engineering work that added UTXO handling, ZEC RPC logic, a native price oracle and fixes to cross-node signing and fee calculations.
• The protocol warned that pool liquidity is shallow during the opening phase and urged traders to use caution because low depth raises price-impact and slippage risks.
• Reports show wallets linked to Bitget’s Sept. 24 security incident used THORChain for swaps that converted about 2,390 ETH into 75.2 BTC (roughly $6.3 million) and Bitget later said investigators tallied roughly $387.5 million moved to attacker-controlled addresses across chains.
• THORChain says its emergency tools can pause a chain or the entire protocol but cannot block a single address or swap and that major changes require a two-thirds node-operator consensus, a stance that could prompt renewed calls for governance or operational shifts.