MistTrack🕵️|Sep 25, 2026 08:38
THORChain and Stolen Funds: The Industry Needs Answers
After the $1.46B @Bybit_Official hack last year, nearly $1.2B in stolen funds was reportedly traced through @THORChain as the attackers moved assets across chains.
Today, following another major security incident at @Bitget , we are once again observing Bitget Exploiter funds being sent into the THORChain for asset swaps and cross-chain transfers.
The question is no longer:
“Does THORChain know these funds are associated with hackers?”
The attacker addresses have already been publicly flagged and are being actively tracked by exchanges, blockchain security/aml firms, and the wider crypto industry.
The real question is:
When a protocol is aware that funds originate from a publicly identified major hack, yet continues to facilitate large-scale cross-chain swaps, how should the industry view this under the banner of “decentralization”?
Decentralization should not become a blanket excuse when dealing with known stolen funds.
If, after every major crypto hack, attackers can continue using THORChain as a route to move funds from ETH → BTC, BNB → BTC, and across other chains, the industry needs to seriously ask:
What responsibility should THORChain bear when handling known stolen funds?
@GracyBitget @xiejiayinBitget @benbybit
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