⏬ THORChain Faces Collapse as $200M Debt Cripples Protocol
THORChain is in turmoil with $200M in toxic loans, forcing a halt to THORFi services and a 90-day restructuring plan. RUNE has crashed 82%, hitting 2020 levels amid liquidity concerns. Founder John-Paul Thorbjornsen insists on profitability, but doubts grow. $50-100M in funding is critical to survival, while AX1 proposes Trust Wallet acquisition to settle debts and install new leadership. Without urgent action, RUNE risks total collapse.
