TREE NEWS reports: A heated debate has erupted over the handling of $387.7 million in funds hacked from Bitget, centering on whether “permissionless and decentralized” technology should ever be intervened in, even when intervention is possible. The dispute pits the THORChain and NEAR ecosystems against each other over core ideals.
Bitget $387.7M Hack Spurs Debate on THORChain and NEAR Intervention
AI take
The dispute matters less for the hack itself than for what it exposes: the gap between protocols that can act and protocols that claim they cannot. THORChain and NEAR are being judged against their own decentralization rhetoric, not against a shared technical standard. The open question is whether intervention capability becomes a de facto expectation across ecosystems, and whether the label 'permissionless' survives contact with a nine-figure recovery request.
Generated by AI for reference only.
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