Seeing Thor, At first, Loki sobered up, for he feared his strength and unrestrained fury most. But he didn't want to admit it, that he fears the Lord of Thunder. So he feigned surprise, by asking, why Thor is fussing, violating the peace of the feast? He also doubted whether Thor would be equally brave, when he meets Fenrir in battle? It does not seem likely to him, because he remembers well, how he crouched in fear in Skrimir's glove.
Thor, enraged, wanted to immediately grab the creature and throw it to the farthest corners of the world, but Loki deftly slipped away from him and lunged for the exit. He also cursed Agir's house, house of Asa and fled.
After Loki left, no one wanted to play anymore. The gods, full of regret and anger, consulted, what should they do with Lo. The holy law of revenge had to be fulfilled, but brotherhood of blood, what they had in common, did not allow the murder of the criminal. After long disputes, they agreed, that they would take Loki and carry him away, until the end of the world. Such was the stubbornness of the Aesir, that not even one vote rose in his defense.
Loki's gods searched the world for a long time, for he hid well, knowing, that by offending the Aesir and admitting to the murder of Baldr, he thus exposed himself to fierce revenge. He judged it in his presumptuousness, that thanks to his power he will be able to hide himself and raise his head whole. So he ran away to the far north, tam, where even the sun does not peek, and in the shadow of the mountains he built a house with entrances to the four directions of the world. In short moments, as the sun's rays brightened the dark polar night, he was hiding as a salmon in a nearby stream.
This is how Odin saw him from the height of Hlidskjalfu - the Throne of the World - and informed the gods of his discovery. They left soon, to capture the villain. They stood where they were, when the sun was shining brightly, and cast the net miraculously woven. The salmon managed to untangle the nets three times, until when tired of running away, he tried to jump over it, Thor grabbed it and threw it so hard, that from now on, every salmon has a flat stomach.
Now they had dragged Loki's Aces to the great grotto, which is located on the farthest island. Here, bound by the tendons of his own son, Wal, which turned to iron, chained to the rock.
And to increase his torment, they put it under his back, loins and knees three sharp stones, which, cutting into the body, they caused excruciating pain. Skadi remembers the images she experienced, hung a poisonous snake over Loki's face. Jad, what was dripping from his mouth was dripping with caustic drops, multiplying suffering. But even the worst of criminals are allowed to show compassion, and the Aesir agreed, by Sygin, Loki's spouse, she was collecting the venom in a cup and thus bringing him relief. But, when the vessel is full to the brim, Sygin takes them, to pour out the poison. Then venom drips on Loki, and he struggles in cruel torment, and with it all the earth shakes. People call it an earthquake.
That's how Loki was punished. The ties of him will fall, when the day of the last great battle comes, and he will appear at the head of the hosts of Jothunheim, to seek vengeance and bring destruction to the gods.