🚀 Decentralized exchange (DEX) THORSwap has resumed operations after entering maintenance mode due to detecting illicit funds on its platform.

🔧 On October 6, THORSwap halted trading on its platform as an immediate measure to counter the movement of illicit funds. Now, the DEX is back online with no major changes except for its “new terms of service.”

📜 The updated terms state that users must comply with applicable laws, such as Anti-Money Laundering laws, and not engage in activities that violate sanctions programs or involve illegal financial activities.

🤔 The cryptocurrency community expressed outrage over THORSwap’s updated terms, questioning its “decentralized” status. Erik Voorhees, founder of ShapeShift, clarified that THORSwap is a “centralized company that made a decision about its own interface,” while THORChain, the network it is built on, is decentralized.

🔍 Additionally, THORSwap has partnered with an “industry leader” to add additional protections and prevent the flow of illicit funds.

🗣️ Let us know in the comments what you think about THORSwap’s new terms of service and whether you think they will affect its decentralized status!