ThorChain under fire because it won’t blacklist stolen Bitget funds
Stop me if you’ve heard this before: A centralized exchange with lax security gets hacked by the North Koreans for $387.5 million, and then somehow shifts the blame game onto a decentralized exchange for not blacklisting the addresses.
The drama began on September 25 when the Asian focused exchange Bitget revealed $351.6 million in “unauthorized transfers” but it later upgraded the tally to $387.5 million. It said a preliminary investigation had linked the IP addressees to VPN services used by a North Korean hacking group.
While 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…
