Bitget now puts its breach at approximately $387.5 million and wants THORChain to stop serving the hacker's addresses
THORChain's reply: it's permissionless like Bitcoin, Ethereum and BNB Chain, and what do those chains owe when stolen funds pass through?
except THORChain has a brake. Bitcoin doesn't
one pause lasts 720 blocks, roughly one hour
in February 2025 validators halted ETH trading while Bybit's stolen funds moved through
so the switch works. THORChain just picks the moments worth pulling it
its own words: the halt protects the protocol
I do get the principle. freeze addresses on request and you're a bank with extra steps
I'd respect it more said straight
no $RUNE in my bags
my Bitget balance is still in the queue, BTC went first, the rest come in stages
I'll post here how mine goes, follow if you're stuck there too đ«
THORChain's reply: it's permissionless like Bitcoin, Ethereum and BNB Chain, and what do those chains owe when stolen funds pass through?
except THORChain has a brake. Bitcoin doesn't
one pause lasts 720 blocks, roughly one hour
in February 2025 validators halted ETH trading while Bybit's stolen funds moved through
so the switch works. THORChain just picks the moments worth pulling it
its own words: the halt protects the protocol
I do get the principle. freeze addresses on request and you're a bank with extra steps
I'd respect it more said straight
no $RUNE in my bags
my Bitget balance is still in the queue, BTC went first, the rest come in stages
I'll post here how mine goes, follow if you're stuck there too đ«
