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      THORChain Addresses Security Concerns Following Bitget Incident

      THORChain has issued a statement regarding a recent security breach at Bitget, highlighting the nature of decentralized protocols. This response comes in the wake of a significant incident where nearly $1.2 billion in stolen funds from a previous hacking event at Bybit was reportedly transferred through THORChain.

      MistTrack, a blockchain tracking service, revealed that stolen assets from Bitget are suspected to have also moved through THORChain. In light of these developments, THORChain officials reiterated that their protocol operates within a decentralized and permissionless framework, similar to other major networks such as Bitcoin, Ethereum, and BNB Chain.

      The emphasis on decentralization underscores the challenges faced by platforms in managing security risks associated with the flow of illicit funds. As the cryptocurrency landscape continues to evolve, the implications of such incidents raise questions about the security measures in place across various exchanges and protocols.

      © 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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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud