THORChain swap fees are recovering from a September peak, though current levels remain 84% lower as the protocol adjusts to life after a major exploit-driven volume surge.
THORChain reported a temporary freeze of 1.45 million USDT in its vaults by Tether, marking another recent instance of the stablecoin issuer restricting access to funds.
Tether briefly froze 1.45 million USDT held in THORChain vaults on the Tron network, temporarily halting the protocol's cross-chain swap operations.
Tether has frozen four THORChain vault addresses on the Tron network, resulting in the suspension of cross-chain swaps and the immobilization of approximately 1.45 million USDT.
THORChain co-founder Chad Barraford stated that while the protocol could technically block stolen funds, its decentralized structure makes rapid coordination against hackers difficult.
THORChain co-founder Chad Barraford defends the protocol's governance amid criticism over its refusal to block funds linked to the $387.5 million Bitget hack.
The recent Bitget hack has sparked a debate over whether decentralized protocols should intervene to block stolen funds, highlighting the conflicting approaches of THORChain and NEAR Intents.
The hacker behind the $387.5 million Bitget exchange heist is using Zcash privacy pools to launder funds after being blocked by Near Intents.
THORChain faces scrutiny after refusing to block addresses linked to a $387.5 million hack of Bitget, sparking a debate over the legal risks of decentralization.
Two cross-chain swap services, NEAR Intents and THORChain, responded differently to the theft of $388 million from Bitget, highlighting a divide over censorship and fund freezing.
Bitget CEO Gracy Chen criticized THORChain for refusing to block addresses linked to a $387.5 million hack, citing the protocol's past decision to halt operations for 39 days.
THORChain has rejected a request from Bitget to block funds stolen in a $387.5 million hack, citing its permissionless architecture and lack of central control.
Bitget faces a $387.5 million hack, SEC Commissioner Hester Peirce resigns, and Bitwise prepares to launch a new NEAR ETF.
THORChain refuses to block wallets linked to the $387,5 million Bitget hack, citing its permissionless nature despite industry criticism.
GoPlus Security has challenged THORChain's decentralization claims, citing validator control over assets following the $387.5 million Bitget hack.
The attacker behind the third wave of the Coldcard wallet hack has moved 45% of the stolen Bitcoin through THORChain and CoinJoin, according to Galaxy Research.
