GoPlus Says THORChain Is Not Truly Decentralized and Calls for Blocking North Korea-Related Activity
GoPlus Urges Blocking 101.5 BTC and 27.63 Million XRP Linked to Bitget Hack
What Happened
On September 27, PANews reported that GoPlus Security posted on X calling on THORChain to block North Korea-related addresses as hacked funds linked to Bitget moved through the network. GoPlus said about 101.5 BTC, worth about $8.5 million, had already been transferred, while about 27.63 million XRP, worth about $43 million, was being exchanged into BTC.
Why the Claim Matters
GoPlus said THORChain fund outflows are not fully automatic. It argued that validators must actively sign withdrawals through threshold signature, a process it described as different from BTC and ETH. The post framed that signing step as a possible control point for blocking specific fund flows.
THORChain Position
Earlier on the same day, THORChain responded to questions about handling hacker funds by saying it is a decentralized permissionless protocol and cannot prevent such transfers. The reply kept the dispute focused on whether a network that emphasizes open access can still be asked to stop particular withdrawals.
What Readers Should Watch
The case highlights the gap between GoPlus Security’s view of validator signing as a practical block point and THORChain’s view of itself as permissionless. For readers, the key detail is the reported movement of about 101.5 BTC and about 27.63 million XRP linked to Bitget, and the unresolved question of whether any part of that flow can be stopped.
Risk Warning
This article is provided for informational purposes only and does not constitute investment advice. It summarizes reports on crypto security, validator coordination, and asset movements, which may be incomplete or disputed. Crypto assets are highly volatile and may lose value quickly; regulatory, technical, and reputational risks are significant. Readers should verify facts independently, understand protocol mechanics, assess their own risk tolerance, and avoid decisions based solely on this summary. Always conduct thorough research before acting on any crypto-related information.
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