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THORChain can block laundering via validator consensus but fast action against hackers is tough.

Market News
06 Oct 2026
Crypto Briefing
View Source
Neutral
THORChain can block laundering via validator consensus but fast action against hackers is tough.

THORChain co-founder Chad Barraford explained that while the protocol can block laundering by reaching a two-thirds validator consensus, quickly stopping hackers like those involved in the Bitget $387.5 million hack is difficult. Coordinating validators takes days, during which attackers can move stolen funds across addresses. Although THORChain has mechanisms to pause trading temporarily, broad halts affect legitimate users and require consensus, slowing responses. Barraford noted that faster intervention would need redesigning the protocol for more centralized control, but validators could theoretically block illicit transactions if enough agree. The debate highlights the trade-off between decentralization and rapid action against theft in crypto protocols.

The THORChain co-founder discussed challenges in quickly stopping hackers, highlighting the trade-off between decentralization and rapid intervention. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 06, 2026 23:03 WIB: out of 50 major cryptocurrencies, 25 rose and 24 fell. Notable movers include THETA with a 1-day change of +2.63% and 100% sell order activity, CAKE down by -2.62% with 55% sell orders, and SNX up by +2.47% with 99% buy orders.

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