THORChain dev exits after failed bid to halt North Korean transactions

Quick Summary:

A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.

Lookonchain posted to X on Feb.28 that the group has sent $605 million worth of ETH through THORChain.

TCB said those corporate actors “ALL already censor transactions on their front ends.“It is my understanding that a lot of them will be moving on if THORChain keeps this going,” they said.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Jesse Coghlan

Category: Crypto

Markets: United StatesNorth Korea

Topics: Korean Thorchain North Lazarus Actors Validator Protocol Group Added Million Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 06:06:44 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26505034

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 143 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions