Caught the rhythm: Bitget CEO Gracy Chen posted a formal request that THORChain refuse to provide services to the attackers’ addresses related to this security incident. The addresses have been published and are continuously being tracked. She wrote, “Decentralization is a design principle and should not become a shield to facilitate the transfer of known stolen funds,” and said the entire crypto industry is watching how THORChain handles the situation.

The step where the stolen funds are switched across chains is now directly called out—whether the protocol takes the cue or not, the industry is watching.

#Bitget #THORChain #Crypto Security