person

Joel Valenzuela

Business development and marketing lead associated with the Dash cryptocurrency payments project.

Current clusters

invest1 publisher

THORChain refuses to block Bitget-linked addresses despite pausing itself for a $10.7 million hack

THORChain turned down Bitget's request to block addresses tied to a suspected North Korean theft, though it paused its own chain over a $10.7 million hack in May. That pause showed its operators move fast when the loss is theirs. Exchanges downstream are left to screen what THORChain lets through.

Publishers:cointelegraph.com

Reality

Evidence35
Adoption: Insufficient
Hype gap+10
Incentives55
Confidence40

leadership1 publisher

Bitget presses Thorchain to shut out the hackers behind its $387.5 million loss

Bitget CEO Gracy Chen asked Thorchain to refuse service to the hackers behind a theft the exchange now puts at $387.5 million. After the Bybit breach, Thorchain's validators reversed a trading halt within 30 minutes, so recovery plans have little reason to count on the protocol's help.

Publishers:news.bitcoin.com

Reality

Evidence55
Adoption: Insufficient
Hype gap+10
Incentives65
Confidence55