THORChain Faces Criticism Over Handling of Stolen Bitget Funds

THORChain is under scrutiny after Bitget and security researchers urged the protocol to block addresses linked to the September 24 exploit. Bitget, which reported a $387.5 million loss due to a backend wallet system breach, formally requested that THORChain refuse service to the attacker's addresses. While Bitget argues that decentralization should not facilitate the movement of stolen assets, THORChain maintains that it is a permissionless protocol similar to Bitcoin or Ethereum and cannot unilaterally censor transactions. Reports indicate that nearly 1,500 of the 2,377 identified attacker addresses have already routed funds through the THORChain network.