THORChain's Decentralized Defense Could Set Precedent for Crypto Litigation
Crypto lawyer Yuriy Brisov believes that THORChain's defense in litigation tied to Bitget will hinge on whether it can prove its decentralization. According to Brisov, a decentralized protocol is key to defending against legal liability claims.
Brisov pointed out that NEAR's decision to block a specific address could lead to debate over control and legal liability in decentralized protocols.
He stated that proving THORChain is a decentralized protocol could be its strongest defense in the Bitget-related lawsuit, potentially setting a precedent for future cases involving decentralized protocols.