THORChain Faces Legal Action Over $200 Million Collapse

A group of creditors, known as the THORFi Recovery Group, is preparing legal action against THORChain, a blockchain-powered network, and its leaders following the recent collapse of their lending and savings programs. The lawsuit seeks to recover over $200 million in lost digital assets, according to reports from Chainwire on May 19th, 2025. The legal action is being spearheaded by McDermott Will & Emery, a firm with specialized expertise in FinTech and Blockchain litigation, known for their extensive crypto experience. 2013 and are recognized by prestigious sources like Chambers, Law360, and the American Lawyer.