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THORChain Refused to Block the $387M Bitget Hacker. Here’s Why | Chad Barraford

#USDT

TLDR — Bitget lost $387.

Signal data▼ Bearishconfidence 90%High materiality
AssetUSDTEventexchange-incidentEvent timeAttention0 readers/hrNormalSmart readers0

Bitget lost $387.5 million in a hack and asked THORChain to block the attacker’s addresses. THORChain said no. Weeks later, Tether froze four THORChain vaults on Tron holding 1.45 million USDT, then unfroze them three hours later. And in May, THORChain itself lost $10.7 million to a GG20 flaw and... Read the full story at The Defiant

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