THORChain refuses to block Bitget's stolen funds, despite pausing its own network after a previous hack
DeFi project THORChain has declined a formal request from Bitget to "refuse service" to addresses linked to the recent $380 million Bitget hack. Bitget CEO Gracy Chen and blockchain security firm SlowMist appealed to THORChain, citing patterns consistent with North Korean hacker organizations. THORChain stated it is "decentralized and permissionless," comparing itself to Bitcoin and Ethereum, and questioned if those networks would halt for stolen funds. This decision is seen as hypocritical by some, as THORChain validators previously halted trading for approximately $10 million after its own hack in May. THORChain clarified that its previous halt was to protect the protocol and it "doesn't censor by design." Following the Bitget hack, THORChain processed $678 million in two days, generating nearly $1.2 million in "gross system income."
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Yangtze Optical Fibre and Cable (YOFC) plunged 16.03% in Hong Kong trading, while UBS bucked the trend by raising its net profit forecasts for the company by 116%-158% for 2026-28 and maintaining a "buy" rating.
-
2
NEAR Protocol (NEAR) Outlook: Future Potential Driven by Technological Innovation and Ecosystem Expansion
-
3
Renowned investor Duan Yongping has once again purchased 30,000 shares of Kweichow Moutai, spending over 36.9 million yuan.
-
4
Zhuhai Amicro Technology, a robot chip designer backed by Xiaomi, has passed its listing hearing and plans to raise over $100 million in an IPO in Hong Kong.
-
5
Cryptocurrency Exchange Selection Guide: Global Compliance and Risk Analysis
-
6
DEXA Coin: An Analysis of the Current Status of the ERC-20 Token Formerly Positioned for Social Payments
-
7
SAITAMA Coin: An Analysis of Its Evolution from Meme to SaitaChain and Current Status
-
8
Ethereum Classic (ETC) Price Analysis: Historical Highs, Lows, and Current Market Performance
-
9
SMT Coin Analysis: SmartMesh and Swarm Markets Current Status and Price Analysis
-
10
XRP's Global Acceptance and Impact: Regulation, Applications, and Market Dynamics
Markets Today
Recommended Reading









