🚨THORSwap, a DEX powered by THORChain, enters maintenance mode to prevent malicious actors from moving illicit funds on the platform. The decision was made after consulting with advisors, lawyers and security forces. Bad actors often use platforms like THORSwap to move funds between multiple blockchains and make them untraceable. THORSwap will remain in this mode until a more permanent and robust solution is implemented.

Meanwhile, DeFi lending protocol Yield Protocol announced its permanent closure due to lack of trading demand and increasing regulatory pressures.

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