SlowMist Founder on THORChain: Decentralization Should Not Be an Excuse to Profit from Hacker Fees

TechFlow reports that on September 27, according to a post by SlowMist founder Cosine (@evilcos), the fund flow from the Bitget hack has been linked to North Korean hackers, and Circle and Tether have already promptly frozen the relevant stablecoin assets held by the attackers. However, THORChain refused to comply with Bitget CEO Gracy’s request to block the attacker’s address, citing its decentralized nature and lack of authority to intervene, while drawing comparisons to Bitcoin and Ethereum, an action that sparked strong criticism across the industry. Cosine pointed out that THORChain had swiftly activated its intervention mechanism when it was hacked itself, calling this double standard into question and stating that decentralization should not serve as a shield to profit from hacker fees.