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      THORChain's "Decentralization" Faces Scrutiny After Bitget Asks It to Block HackersBitget CEO Gracy...

      THORChain's "Decentralization" Faces Scrutiny After Bitget Asks It to Block HackersBitget CEO Gracy Chen GracyBitget asked THORChain to refuse service to publicly identified attacker addresses, saying decentralization should not be a shield for facilitating stolen funds. THORChain emphasized that its network is permissionless. In May 2026, an attack on one of THORChain’s vaults caused approximately $10.7 million in losses. Automatic safeguards and coordinated action by node operators subsequently halted the network. Co-founder Chad Barraford later discussed ideas for anomaly detection and emergency pauses on a podcast, outlining security checks and asset migration procedures before trading could resume. While halting a network is not the same as freezing specific addresses, the dispute raises a question: Under what circumstances should a decentralized protocol intervene when stolen funds originate from an external platform?

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud