THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron.
VOID Report: THORChain Halts Swaps Amid Binance Hack and FBI Investigation
THORChain, a cryptocurrency platform, has temporarily halted swaps involving assets on multiple networks after a block reorganization bug was discovered. This move comes as the US Federal Bureau of Investigation (FBI) probes a massive hack on Binance, with North Korea's TraderTraitor operation blamed for stealing over $6 billion. The hack occurred on October 29.
The incident has garnered attention from various news outlets, with some reporting on the FBI's efforts to track and block stolen funds. The agency has urged THORChain to take action to prevent further laundering of hacked assets. The Block and CryptoSlate were among the outlets covering the story, highlighting the involvement of North Korean hackers and the role of crypto bridges in the laundering process.
It is still unclear how the block reorganization bug was discovered and what measures THORChain will take to prevent similar incidents in the future. Additionally, the full extent of the FBI's investigation and potential actions against the hackers has not been reported yet. Readers should watch for further updates on this developing story.
Written with AI by Noticiero VOID from facts reported by Cointelegraph, The Block, CryptoSlate. How we do it ·