Market Update: THORChain Validators Decide to Pause Network Operations, Initiate Reorg Plan Vote

BlockBeats News, January 24th, according to User X @1984_is_today, "If there is a large-scale debt redemption and/or a deleveraging of depositors and synthetic assets, THORChain will definitely not be able to fulfill its Bitcoin and ETH-denominated obligations."

THORChain validators have decided to suspend network operations and hold a vote on a restructuring plan."