The funniest scene in the crypto world is here: Your own money is at risk and can be frozen instantly, but when someone else's money gets stolen by North Korea, they say there's nothing they can do because 'we're decentralized' Bitget CEO Gracy Chen @GracyBitget publicly called out THORChain to block the laundering addresses linked to North Korea. THORChain responded with a very Web3 spirit: 'We are decentralized, just like Bitcoin, Ethereum, and BNB!' Last year, Bybit got hacked for $1.46 billion, and during that same week, THORChain processed $4.6 billion in swaps, collecting $5 million in fees alone. They sure enjoyed raking in dirty money—maybe they're even considering giving Lazarus a Super VIP membership. Fast forward to 2025, when their own THORFi lending platform blows up with a $200 million funding gap. The protocol instantly triggers a meltdown, suspends redemptions, and freezes user funds faster than anyone else. So much for decentralization, huh? The most absurd part is that THORChain is an independent chain, with over 100 node operators managing the treasury using TSS. As long as there are enough signatures, assets can be moved. It's not that they can't do it—they just don't want to. Some people even bring up Ethereum's The DAO example, claiming chains can't intervene. But back in 2016, Ethereum rolled back an entire chain via a hard fork to recover $60 million. History has already proven that there's no such thing as absolute non-intervention—it’s just a matter of willingness. So THORChain isn't decentralized; it's Schrödinger's decentralization. Decentralization shouldn't become a disclaimer for money laundering.