🔥 THORChain Responds to Criticism Over Bitget Hack Asset Transfers
THORChain has responded to criticism over its perceived inability to stop the movement of assets linked to the Bitget hack. The protocol expressed regret over the incident while reiterating that, as a decentralized network, it does not operate like a centralized platform with direct control over individual transfers.
The episode has renewed debate around accountability in decentralized finance: open and permissionless infrastructure can improve accessibility, but it may also limit how quickly networks can intervene when illicit funds move through on-chain routes. The situation remains a reminder that security practices, incident response, and transparency are critical across the crypto ecosystem.
Binance RUNE/USDT snapshot: RUNE is currently trading at $0.736, down about 7.3% over the last 24 hours. Its 24-hour high was $0.801 and low was $0.709.
$RUNE
#FedProposesPaymentStablecoinRules #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth #BitwiseFilesFinalNEARSpotETFProspectus
THORChain has responded to criticism over its perceived inability to stop the movement of assets linked to the Bitget hack. The protocol expressed regret over the incident while reiterating that, as a decentralized network, it does not operate like a centralized platform with direct control over individual transfers.
The episode has renewed debate around accountability in decentralized finance: open and permissionless infrastructure can improve accessibility, but it may also limit how quickly networks can intervene when illicit funds move through on-chain routes. The situation remains a reminder that security practices, incident response, and transparency are critical across the crypto ecosystem.
Binance RUNE/USDT snapshot: RUNE is currently trading at $0.736, down about 7.3% over the last 24 hours. Its 24-hour high was $0.801 and low was $0.709.
$RUNE
#FedProposesPaymentStablecoinRules #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth #BitwiseFilesFinalNEARSpotETFProspectus
