THORChain Faces Possible Prosecution Over Stolen Bitget Funds

THORChain is facing potential prosecution after an investigation found that it may have been involved in the theft of Bitget funds.

The incident occurred on November 22, when hackers stole approximately $5 million worth of cryptocurrencies from Bitget, a Singapore-based cryptocurrency exchange.

An investigation by blockchain analysis firm Elliptic found that the stolen funds passed through THORChain's network before being laundered and transferred to other exchanges.

The report did not conclusively link THORChain to the hack, but it raised concerns about the platform's security measures and potential vulnerabilities in its architecture.