Bitget Formally Asks THORChain to Refuse Service to Attacker Addresses
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11 Articles
Bitget Asks THORChain to Block Hacker Funds, Protocol Says No - Invest In Crypto News
The Bitget hack has sparked a new debate over crypto’s biggest promise of decentralization. After hackers routed stolen funds through THORChain and converted assets into Bitcoin, Bitget CEO Gracy Chen asked the protocol to block the attacker addresses. THORChain rejected the request, saying its permissionless design does not allow it to censor transactions. How Did […]
Bitget Asks THORChain to Block Hacker Funds, Protocol Says No
The post Bitget Asks THORChain to Block Hacker Address, Protocol Says No appeared first on Coinpedia Fintech News The Bitget hack has sparked a new debate over crypto’s biggest promise of decentralization. After hackers routed stolen funds through THORChain and converted assets into Bitcoin, Bitget CEO Gracy Chen asked the protocol to block the attacker addresses. THORChain rejected the request, saying its permissionless design does not allow i…
THORChain Pushes Back on Bitget Block Request as Star Xu Questions Decentralization Claim
THORChain has rejected calls to block addresses linked to Bitget’s September 24 exploit, defending its permissionless architecture as criticism mounts over whether its validator-controlled vaults make the protocol comparable to Bitcoin or Ethereum. Bitget has now confirmed approximately $387.5 million was transferred to attacker-controlled addresses during the wallet breach, up from its initial $351.6 million… Continue reading THORChain Pushes B…
Crypto Industry Makes Concerted Effort To Support Bitget After $387.5M Hack
Bitget, a leading unified exchange (UEX), is currently facing a major ordeal after an attacker siphoned $387.5 million through a vulnerability in its hot wallet infrastructure. Thanks to its combination of proactive measures and timely intervention, it contained the incident. Despite that, the compromised funds remain in limbo. Meanwhile, key industry participants have banded together […]
Bitget CEO Wants Thorchain to Block Hackers, but There's a Catch
On Saturday, two days after Bitget was hacked, CEO Gracy Chen publicly asked Thorchain to cut off the hackers who drained hundreds of millions from her exchange this week. “Decentralization is a design principle, not a shield for facilitating known stolen funds,” the Bitget executive insisted. Bitget’s Hack Climbs to $387.5 Million as CEO Gracy […]
Bitget attributes to the Lazarus network the theft of 351.6 million cryptocurrencies and claims that Mandiant investigates the assault on his hot purses. The Bitget entry attributes to the Lazarus network of North Korea the theft of 351.6 million cryptocurrencies aparece primero en Moncloa.
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