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THORChain
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- 1THORChain's refusal to blacklist funds from Bitget hack sparks debate●THORChain’s response to Bitget’s $387.5M hack sparks blacklist debate
Following a $387.5 million hack of Bitget, THORChain declined to blacklist the stolen funds moving through its cross-chain liquidity network, prompting a debate within the crypto industry. Critics argue decentralized platforms should cooperate in freezing illicit proceeds, while defenders say permissionless networks cannot and should not selectively block transactions, reigniting a long-running argument over decentralization principles versus security cooperation.
- 2THORChain Governance Under Strain After Bitget Security Breach●THORChain Faces Governance Dilemmas After Bitget's Major Security Breach
THORChain is facing governance dilemmas following a major security breach at cryptocurrency exchange Bitget. The incident has raised questions about how decentralized protocols respond to exchange vulnerabilities, with debate focusing on THORChain's decision-making processes and its exposure to risks from centralized platforms. Observers are watching how the protocol's community handles governance decisions in the breach's aftermath.