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News 2026-09-29 15:10 UTC

Bitget CEO criticizes THORChain for inconsistent response to hacks

Bitget CEO Gracy Chen isn't buying THORChain's decentralization defense. After the exchange lost an estimated $387.5 million in a September 24 security breach, Chen asked THORChain to block the addresses funneling stolen funds through its cross-chain protocol. THORChain said no, citing its permissi…