THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
60-second summary
THORChain rejects Bitget’s request to block a hacker, allowing roughly $6 million worth of assets to shift onto Bitcoin. CoinDesk reports 27 successful swaps moved about 2,390 ETH into 75.2 BTC, despite Bitget urging the protocol to freeze addresses linked to the $387.5 million theft. The incident highlights cross‑chain risk and could pressure DeFi liquidity providers.
CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to the $387.5 million theft.