THORChain Accused of Faking Decentralization Amid Suspicious Fund Influx

THORChain has been accused of not being truly decentralized by GoPlus, which is calling for funds linked to North Korea to be intercepted.

The criticism comes as THORChain's liquidity pool has grown significantly in recent months, with the project claiming to have reached a total value locked (TVL) of over $4 billion. However, GoPlus argues that this growth is not solely due to organic demand but rather the influx of funds from unknown sources.

According to GoPlus, these suspicious funds are likely linked to North Korea, and as such, they urge regulators and exchanges to take action and intercept them. The group claims that THORChain's lack of transparency in this regard makes it vulnerable to being exploited by malicious actors.