THORChain under fire over Bitget, ETH evolves beyond blockchain: Hodler’s Digest

ThorChain under fire because it won’t blacklist stolen Bitget fundsWhile that isn’t firm proof, CEO Gracy Chen said its investigators had flagged other similarities with previous thefts.North Korean hackers were believed to be behind the $1.5 billion Bybit exchange hack, and much of the funds from that attack were then swapped on the decentralized exchange THORChain (which is not a mixer and funds can still be traced after being swapped). Chen then publicly called on THORChain to block the addresses linked to the attack. “Decentralization is a design principle, not a shield for facilitating known stolen funds,” she thundered. Thorchain politely said no dice, which has set off a massive debate over whether they can or should comply with Chen’s request. Decentralization maxis like Joel Valenzuela said doing so would undermine crypto’s cypherpunk ethos. “If we let decentralized protocols to be bullied into setting a censorship precedent, or make it toxic to interact with permissionless protocols, then we lose to tyranny. Full stop.” But THORChain isn’t anywhere near as decentralized as Bitcoin or Ethereum, and it coordinated to quickly pause the chain very quickly when it was itself h...