An Ethereum reorg just slowed down the Binance hack laundering trail.
Per Chainalysis, the reorg triggered an emergency pause on THORChain, halting swaps on 12 of its 13 chains and delaying the movement of stolen funds. Security researchers are now urging THORChain to block North Korean transactions after the FBI's attribution.
My take: cross-chain swap protocols are becoming the front line of crypto security, and every pause is a trade-off between safety and uptime.
Should cross-chain protocols be allowed to freeze flows tied to sanctioned actors, or does that break the point of decentralization? $ETH $BTC
#CryptoSecurity #THORChain #Ethereum #BinanceSquare
Per Chainalysis, the reorg triggered an emergency pause on THORChain, halting swaps on 12 of its 13 chains and delaying the movement of stolen funds. Security researchers are now urging THORChain to block North Korean transactions after the FBI's attribution.
My take: cross-chain swap protocols are becoming the front line of crypto security, and every pause is a trade-off between safety and uptime.
Should cross-chain protocols be allowed to freeze flows tied to sanctioned actors, or does that break the point of decentralization? $ETH $BTC
#CryptoSecurity #THORChain #Ethereum #BinanceSquare