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THORChain
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- 1Bitget hacker launders $350 million via THORChain●🐋 Whales & Hacker-Aktivität: • Bitget-Hacker wäscht gestohlene 350M$ via THORChain. • Institutionelle Akteure wie Strive
The hacker behind the Bitget breach is moving and laundering around $350 million in stolen funds through THORChain, according to crypto market observers. At the same time, institutional buyers such as Strive and MicroStrategy are reported to be continuing their Bitcoin purchases, undeterred by recent price volatility, highlighting a split between criminal outflows and steady institutional accumulation.
- 2THORChain'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.
- 3THORChain refuses Bitget's plea to block $6 million hacker funds●THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
THORChain has turned down a request from crypto exchange Bitget to block funds stolen by a hacker, as roughly $6 million of the stolen assets was converted into bitcoin. The decentralized protocol's refusal underscores a core tension in crypto: its censorship-resistant design means no single party can freeze transactions, even at the request of an affected exchange. Observers are debating whether exchanges can rely on decentralized networks to recover stolen funds.
- 4THORChain 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.