Chad Barraford, the network’s technical co-founder, said the funds were frozen and then unfrozen without explanation. THORchain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later. A Friday at X Post, Barraford said Tether that blacklisted THORchain vault addresses, accumulated around 1.45 … Read more
After suspected North Korean hackers exploited crypto exchange BitJet for $387.5 million last week, investigators were able to quickly flag and identify recipient addresses. Bitgate CEO Gracie Chen then controversially claimed that the decentralized cross-chain swap platform THORchain “denies service to these addresses.” THORChain replied: “Thorchain is decentralized and permissionless like Bitcoin, Ethereum, and BNB … Read more
ThorChain is under fire because it won’t blacklist stolen Bitget funds Stop me if you’ve heard this before: A centralized exchange with lax security gets hacked by the North Koreans for $387.5 million and then shifts the blame game to the decentralized exchange for not blacklisting addresses. The drama began on September 25 when Asian-focused … Read more