Bitget CEO Seeks THORChain Refusal of Stolen Funds Addresses
Bitget's CEO has made a formal request to THORChain to refuse service to addresses linked to an attack that resulted in $351.6 million being transferred from the exchange's wallets.
The attack was discovered on September 25, and Bitget confirmed that about $351.6 million in unauthorized transfers had occurred from parts of its hot and warm wallets, while cold wallets and Bitget Wallet remained unaffected.
According to the CEO, decentralization should not shield services used to process known stolen funds, and the broader crypto industry is watching the matter closely.