On January 24th, according to the disclosure of X user TCB, THORChain is currently in an insolvent state. The data shows that THORChain's current liabilities include 97 million dollars of lending (ETH and BTC) and about 102 million dollars of savings and synthetic assets, while the available assets only have 107 million dollars of external liquidity. TCB said that THORChain's lending obligations were fulfilled by minting and selling RUNE tokens, a design that led to a high degree of reflexivity and exacerbated the problem. After paying off the $4 million RUNE debt yesterday, the agreement owed millions of additional RUNE. Verification nodes have suspended network operations and are voting on a restructuring plan.