Community Debate Highlights Friction Between THORChain and NEAR Ideals
8 Articles
8 Articles
Cointelegraph
The New York LedgerFurious Debate About THORChain vs NEAR Shows Idealism Has Limits
The $387.5 million Bitget hack raises difficult questions about permissionless protocols, moral obligations, and where crypto projects should draw the line on stolen funds.
THORChain Liquidity Earned $573,000 From Bitget-Linked Laundering Swaps
Moving funds stolen in Bitget's $387.5 million September breach generated at least $761,725 in identifiable fees for crypto protocols and services, while a separate analysis of THORChain affiliate payments found about $259,718 went to seven recipients with additional transaction links to wallets involved in the laundering routes. The figures come from independent on-chain researcher Andrey Sergeenkov, who analyzed swaps involving assets traced f…
In connection with the theft of approximately $400 million from the cryptocurrency exchange BitGet last month, cryptocurrency analysis firms have successively assessed the possibility of a North Korean connection as very high. They also disclosed the path through which the stolen funds moved across four blockchains in 23 transactions over the first three hours, with some being exchanged for Bitcoin.
THORChain Holds Firm as Bitget's $387.7M Hack Puts Decentralized Ethics on Trial
The hack hit on September 24. Bitget lost $387.7 million, and within days, stolen funds were already moving across chains… Read the original on THORChain Stands Firm as Bitget’s $387.7M Hack Sparks Ethical Debate. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
NEAR Intents' SHIELD layer stopped $503,000 of the Bitget hack streams, which exceeded $50 million; THORChain refused to block funds stolen from the September 24 breach.
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