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Crypto DeFi

THORChain Co-Founder to Ask Treasury About Refunding Bitget Hack Fees

THORChain co-founder Chad Barraford said he will raise with THORChain’s Treasury the idea of returning some of the developer fund’s income earned from the Bitget hack back to the exchange. Barraford made the comments on Unchained. No figure or timeline for any refund was given.

Original source

AI take

The significance lies less in the amount — none was specified — than in a founder publicly floating a refund of protocol-level income tied to an exchange breach. That touches a live tension in DeFi: whether infrastructure that merely processes flows should internalize the fallout of others' security failures. It affects THORChain's treasury and its relationship with centralized exchanges. Whether the treasury treats this as an obligation or a goodwill gesture, and whether other protocols face similar asks, is the open question.

Generated by AI for reference only.

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