thorchain just slammed the door on the binance hackers
node operators paused swaps for assets across 10 networks
bitcoin, ethereum, solana and tron all caught in the freeze
the stated reason is a block reorg bug, not the heist itself
read that again
the chain built to move coins between chains is now the thing slowing them down
per cointelegraph
meanwhile binance says net outflows hit $5.8b as withdrawals came back
measured against roughly $171b in customer assets, that is a rounding error
$6.3b is still the number everyone keeps staring at
the lesson stays boring and old
if your coins sit on an exchange, the exchange is the risk
node operators paused swaps for assets across 10 networks
bitcoin, ethereum, solana and tron all caught in the freeze
the stated reason is a block reorg bug, not the heist itself
read that again
the chain built to move coins between chains is now the thing slowing them down
per cointelegraph
meanwhile binance says net outflows hit $5.8b as withdrawals came back
measured against roughly $171b in customer assets, that is a rounding error
$6.3b is still the number everyone keeps staring at
the lesson stays boring and old
if your coins sit on an exchange, the exchange is the risk
