THORChain Rejects Bitget’s Call to Block Attacker Funds After $387.5M Hack

THORChain responded to Bitget after CEO Gracy Chen called on the protocol to refuse service to addresses linked to attackers from Bitget’s September 24 security breach, which involved about $387.5 million in stolen assets. THORChain said its network halt mechanism is designed to protect the protocol as a whole, not to selectively freeze specific addresses or individual swaps. It added that even during its own $10.7 million exploit in May, attacker addresses were not blacklisted, and reiterated that the protocol is permissionless by design.