THORChain Defends Halt Policy Amid Bitget Security Fallout

THORChain's decentralized exchange has come under fire for its handling of funds linked to major crypto exploits. The criticism stems from a request made by Bitget CEO Gracy Chen, who asked THORChain to block publicly identified attacker addresses.

Chen argued that decentralization should not be used as an excuse for facilitating transactions involving stolen funds and questioned the accountability of protocols when aware that funds originate from a major hack.

THORChain pushed back in an X post, stating that its emergency halt is designed to protect the protocol during a security incident, but it's not a tool for selectively freezing individual funds or blocking specific swaps.