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- 1THORChain 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.
- 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.
- 3Tokenized stocks hit $20.9 billion in DEX trading volume▼Tokenized stocks just did $20.9 billion in DEX trading in 30 days
Tokenized stocks — blockchain-based versions of listed equities — recorded $20.9 billion in trading volume on decentralized exchanges over the past 30 days. The figure points to rapidly growing investor interest in on-chain equity trading, positioning tokenized securities as one of the fastest-expanding corners of the crypto market and drawing attention from both crypto traders and traditional finance observers.
- 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.