THORChain Rejects Bitget CEO's Request to Block $387.5M Hacker Wallets
- —Bitget revised its loss estimate from $351.6 million to $387.5 million, adding ZEC and TRX transfers
- —About 101.5 BTC worth $8.5 million left through THORChain, with 27.63 million XRP worth $43 million mid-swap
- —Bitquery counted 126.71 BTC paid out across 66 THORChain swaps tied to stolen BNB and TRX
- —No public node vote to pause Bitget-linked flows has been recorded
Why it matters: The dispute highlights the tension between protocol decentralization and anti-money-laundering enforcement, potentially inviting tougher regulatory scrutiny of cross-chain services.
Source: The Crypto Times