THORChain refuses to block Bitget funds, despite pausing after own hack

What happened

The decision comes four months after THORChain halted trading after it was hacked for $10 million. Once again, THORChain is refusing to block suspected North Korean hackers from laundering hundreds of millions of dollars of stolen crypto.

The post THORChain refuses to block Bitget funds, despite pausing after own hack appeared first on Protos . DeFi project THORChain has turned down a formal plea to “refuse service” to addresses associated with the recent hack of Bitget, a centralized crypto exchange which lost over $380 million on Thursday night.

In the aftermath of Thursday’s hack, Bitget CEO Gracy Chen called it “highly consistent with known patterns of North Korean hacker organizations,” after on-chain analysts spotted connections to wallets used following previously attributed hacks. Decentralization is a design principle, not a shield for facilitating known stolen funds.