Skip to main content
iCute FinanceDIGITAL ASSETS · MARKET OBSERVATION
English
Research directory
iCute Finance

Primary navigation

Primary navigation

DIGITAL ASSETS · MARKET OBSERVATION

THORChain responds to the question of "handling hacker funds": decentralization does not require a license agreement and cannot be stopped

PANews reported on September 27 that in response to the on-chain tracking platform MistTrack’s criticism that THORChain has been used to transfer stolen funds from Bybit, Bitget and other exchanges many times, THORChain responded that it was saddened by the recent attacks on related exchanges and emphasized that it, like Bitcoin, Ethereum and BNB Chain, is a decentralized and permissionless protocol. And asked: "What responsibilities should Bitcoin, Ethereum and BNB Chain bear when they handle known stolen funds?" According to previous news, Bitget CEO called on THORChain to refuse to provide services to attacker addresses.

PANews reported on September 27 that in response to the on-chain tracking platform MistTrack’s criticism that THORChain has been used to transfer stolen funds from Bybit, Bitget and other exchanges many times, THORChain responded that it was saddened by the recent attacks on related exchanges and emphasized that it, like Bitcoin, Ethereum and BNB Chain, is a decentralized and permissionless protocol. And rhetorically asked: “What responsibilities do Bitcoin, Ethereum, and BNB Chain have when they handle known stolen funds?”

According to previous news, Bitget CEO called on THORChain to refuse to provide services to the attacker’s address.

Related news

  1. SpaceX-Tesla Merger: Passive Flows ‘Hack’, Could Bring More BTC Exposure to S&P 500

    ▶Bitcoin Magazine SpaceX-Tesla Merger: Passive Flows ‘Hack’, Could Bring More BTC Exposure to S&P 500 Sean Hagan breaks down why a Tesla-SpaceX merger is a no-brainer, connecting p...

    Bitcoin Magazine
  2. Liquid Network Announces Final Stages of Recovery Following Massive Hack

    Bitcoin Magazine Liquid Network Announces Final Stages of Recovery Following Massive Hack One month after hackers pinched 4,000 bitcoins, the Liquid Network is up and running again...

    Bitcoin Magazine
  3. Brooklyn DA Pulls the Plug on Crypto Scam Network

    Bitcoin Magazine Brooklyn DA Pulls the Plug on Crypto Scam Network 112 servers and 241 fake sites knocked offline in one of the largest cyber takedowns ever by a local prosecutor.

    Bitcoin Magazine
  4. SlowMist: BitBay suffered an attack, losing approximately $14,000.

    Foresight News
  5. A user downloaded a "fake wallet" from Huawei's official store and had 170,000 USDT stolen.

    BLOCKBEATS