0xTodd ( thinking )|Sep 28, 2026 05:14
Let me be blunt: every cross-chain bridge in the world has an emergency red pause button.
If things get really bad, the nodes can just pull the server cables directly—no matter if Vitalik himself shows up, it’s not getting undone.
Looking back, I think it’s a real shame.
Back in May, Thorchain got hacked for $10M, and they froze everything immediately. But now that it’s someone else’s turn, they’re hemming and hawing, talking about decentralization.
Of course, I think Bitget is also hesitant to make a bold move.
While it’s still not confirmed, it’s highly likely this was another North Korea hack. And when North Korea steals something, you can pretty much kiss it goodbye forever—even if Kim Jong-un’s regime collapses one day, you’re not getting it back.
Since that’s the case, why not just go all in?
If you ask me, BG should crank up the white-hat bounty to the max.
If Thorchain were willing to freeze the funds:
- First, use $10M to patch up Thorchain’s previous hole;
- Then, drop another $10M as an airdrop to RUNE holders.
Do you think Thorchain would still stick to their current stance?
Appeal to their wallets, incentivize them with profits.
Bribe the Thorchain team, the nodes, the token holders—bribe everyone.
Even if it costs $20M, it’s still better than losing $100M worth of XRP here.
Decentralization doesn’t mean “never change anything.” As long as consensus is reached → changes can still align with the strictest definitions of decentralization.
Plus, bribery doesn’t break decentralization. Plenty of DeFi projects have vote-buying mechanisms baked into their protocols.
If the XRP funds are recovered, BG could even send Thorchain a banner afterward that says “Best White Hat.” Wouldn’t Thorchain end up with both fame and fortune?
But now? Great. Thorchain didn’t earn much in fees and got roasted by the community. BG’s money is gone, turned into truly censorship-resistant Bitcoin.
A lose-lose situation.
The only ones smiling sweetly now are the sponsors...
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