GoPlus Security questions the degree of decentralization of THORChain
2026-09-27 17:15:49
According to CoinMeta, GoPlus Security posted a statement questioning the degree of decentralization of THORChain, claiming that its TSS treasury and node mechanism allows validators to jointly control cross-chain funds and that they can actively intervene by suspending signatures and through Mimir governance measures. GoPlus pointed out that after the Bybit attack, approximately 499,000 ETH were converted into BTC within 10 days, resulting in a transaction volume of about 5.9 billion US dollars and transaction fees of 5.5 million US dollars. In the recent Bitget incident, as well, about 101.5 BTC were transferred out via THORChain. Therefore, GoPlus advocates that restrictions should be imposed on the addresses of the stolen funds that have been clearly identified.
Source:X
This content is for market information only and does not constitute investment advice.
Follow HQYC official accounts to stay updated

Hot Articles
Refresh

Is PAXG Stable? Is Gold-Backed Better Than Stablecoins?
09-24 18:04

ETH Rebounds to $2,800: Can It Hold $3,200 by Month-End?
09-23 11:07

What is Bybit Exchange? Is Bybit Safe with EU Dual Licenses?
09-21 18:42

Bitcoin 5-Year Outlook: $75.5K Miner Cost, Crash or Floor?
09-20 19:23

Legit Bitcoin Trading Apps 2026: Top 4 Safe & Regulated Picks
09-18 18:52



