THORChain Rejects Bitget's Plea to Block Attacker Addresses

A dispute has emerged between Bitget and THORChain following an approximately $388 million attack on the latter. The attacker's addresses were public, according to Bitget CEO Gracy Chen, who argued that decentralization should not shield the movement of known stolen funds.

However, THORChain rejected Bitget's request to block the attacker's addresses, citing its existing emergency shutdown tools would also disrupt other users' transactions. The network explained that it uses these mechanisms to protect the protocol, rather than implementing selective address-based blocking.

When asked why THORChain didn't simply freeze the attacker's funds, Chen emphasized that decentralization should not be used as a shield for stolen assets. Meanwhile, about $6.3 million in Ethereum was converted into Bitcoin while the request was under discussion.