Could THORChain face prosecution over stolen Bitget funds? Legal opinion
THORChain will not — or can not — block addresses linked to the $387.5 million Bitget hack. Can the devs be prosecuted for money laundering? It’s complicated, says crypto lawyer Yuriy Brisov.
After suspected North Korean hackers exploited crypto exchange Bitget for $387.5 million last week, investigators were able to quickly flag and trace the recipient addresses.
Bitget CEO Gracy Chen then controversially demanded that decentralized cross-chain swaps platform THORChain “refuse service to these addresses.”
THORChain responded:
The move was controversial, especially given the protocol was halted immediately in May when $10.7 million of its own funds were exploited. Complicating matters, THORChain has retired its admin key and claims it doesn’t have an easy way to censor addresses, even if it wanted to.
