THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
Why now
Thesis: DeFi's refusal to censor highlights laundering risk
Catalyst to watch: Regulatory response to THORChain's stance
Main risk: Tighter rules could restrict decentralized exchanges
Why it matters
A decentralized exchange refusing to freeze stolen funds shows DeFi's censorship resistance also enables laundering, raising regulatory scrutiny and reputational risk for cross-chain protocols.
Details
CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to the $387.5 million theft.
Sources
- coindesk · 2026-09-28 12:13 UTC