As FTX hackers continue to transfer assets, the decentralized exchange THORSwap stated today (6th) that due to the large amount of illegal funds flowing into the platform in recent days, to ensure safety, it has decided to temporarily switch the interface to "maintenance" mode.
After the cryptocurrency exchange FTX declared bankruptcy in November last year, a hacking incident broke out immediately, and more than $300 million in assets disappeared. These stolen cryptocurrencies were almost "sleeping" for nearly a year until On September 30, close to the day of trial for FTX founder SBF, there was another change.
According to on-chain analyst Ember Monitoring, since September 30, FTX hackers have transferred a total of 60,000 Ether coins, of which 56,000 (approximately US$90 million) were converted into Bitcoin via THORChain cross-chain.
In response, THORSwap issued an announcement today emphasizing that THORSwap and THORChain will never be allowed to be abused as a circulation channel for illegal funds, and it is firmly opposed to any criminal behavior.
In order to curb hackers from continuing to use the platform to exchange assets, the THORSwap team stated that after careful evaluation and consultation with advisors, legal advisors and law enforcement agencies, the platform interface has been switched to "maintenance" mode until a more durable and powerful solution can be implemented solutions to ensure the security and integrity of the platform.
As of press time, THORSwap users are unable to perform any trading operations, but lending, staking and other services are still operating as usual.
Fellow THORChads,
A pressing and persistent concern has recently come to light: the potential movement of illicit funds through THORChain and, specifically, THORSwap. Such activities have no place on the THORSwap platform, and THORSwap stands firmly against any and all criminal…
— THORSwap#BetterThanCEX(@THORSwap) October 6, 2023
This article was used by FTX hackers to redeem 56,000 ETH! THORSwap can’t bear it anymore: trading is suspended. First appeared on Blockchain.