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Crypto DeFi

Bitget CEO Asks THORChain to Block Attacker Addresses

Bitget’s CEO said the exchange has publicly disclosed and is tracking addresses tied to its attacker, and has formally asked THORChain to deny service to those addresses. Decentralization is a design principle and should not serve as a shield for handling known stolen funds, the CEO said, adding that the whole industry is watching.

Original source

AI take

This is a notable escalation in the recurring tension between centralized exchanges and decentralized infrastructure over post-hack cleanup. Bitget is attempting to import a compliance-style blocklist into THORChain, a protocol whose value proposition rests on permissionless access. THORChain's response will be read as a precedent: whether a DEX or cross-chain protocol can be pressured into address-level censorship, and whether that pressure comes through public appeals, validator coordination or governance. The open question is whether other exchanges facing similar incidents adopt the same playbook.

Generated by AI for reference only.

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