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      OKX Founder Criticizes THORChain's Decentralization Claims

      Star Xu, the founder of cryptocurrency exchange OKX, has publicly challenged the decentralization claims of the cross-chain liquidity protocol THORChain. In a post on the social media platform X, Xu highlighted a significant incident from May when THORChain's treasury was compromised, leading node operators to pause the entire network. This action resulted in a downtime of 13 hours, raising questions about the protocol's resilience and true decentralization.

      Xu argued that a network capable of halting operations to protect its own funds, yet remaining operational when users' funds are at risk, does not align with the principles of decentralization exemplified by Bitcoin. He emphasized that Bitcoin operates continuously and cannot be stopped, contrasting it with THORChain's selective operational control. This critique underscores ongoing debates within the cryptocurrency community regarding the definitions and standards of decentralization.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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