GoPlus Security criticized THORChain's claim of decentralization, highlighting that its validator-controlled vaults can block or reverse transactions, unlike Bitcoin or Ethereum where users control private keys. This scrutiny follows the $387.5 million Bitget exchange hack, where stolen assets, including about $51.5 million in BTC and XRP, passed through THORChain, with links to DPRK-related laundering. The debate centers on whether THORChain's validator committee structure undermines its permissionless status, raising regulatory and trust concerns. The protocol's defenders argue that blocking transactions would compromise neutrality, but critics say the system resembles a financial intermediary rather than a fully decentralized blockchain.
GoPlus Security's challenge to THORChain's decentralization claims is the story's subject. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 27, 2026 15:31 WIB: 35 of 50 major cryptocurrencies rose today while 14 fell. Kusama (KSM) rose 4.91% to Rp88.689 with 100% sell orders, Uniswap (UNI) rose 4.81% to Rp180.381 with 60% buy orders, and Cosmos (ATOM) rose 3.97% to Rp34.102 with 66% buy orders.
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