Bitget requests to block hacker, sparking debate over THORChain's 'decentralization' Bitget CEO Gracy Chen (@GracyBitget) has called on THORChain to reject transactions initiated from publicly identified attacker addresses, stating that decentralization should not be a shield for laundering stolen funds. THORChain, however, emphasized that its network operates without permission. In May 2026, a THORChain vault was attacked, resulting in a loss of approximately $10.7 million. The network was subsequently paused due to automated security mechanisms and node coordination. Co-founder Chad Barraford later discussed the concept of anomaly detection and emergency pauses on a podcast, explaining the security verification and asset migration processes before resuming transactions. While pausing the network does not equate to freezing specific addresses, this controversy raises a critical question: under what conditions should decentralized protocols intervene when stolen funds originate from external platforms?