✉news BusinessCrypto first seen 10 h ago, last 10 h ago, peak #24
THORChain refuses Bitget's plea to block $6 million hacker funds
Original: 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.
Why now: A major exchange publicly failed to recover stolen funds because a decentralized protocol refused to intervene, reigniting debate over censorship and accountability in crypto.
Evidence
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