COINTELEGRAPH · 2026-11-02 01:52 UTC

THORChain halts swaps after block reorg bug, slowing Binance hackers

THORChain halted swaps across 10 blockchains after an Ethereum block reorg exposed a refund bug that issued an extra 10 ETH payout, triggering an automatic pause. The emergency halt inadvertently delayed North Korean hackers from laundering funds stolen in Binance's $6.3 billion hack, according to Chainalysis. THORChain founder defended the protocol's permissionless stance, warning that taking it offline would mean 'the experiment is over.'

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