THORChain's co-founder Chad Barraford argues that despite criticism over its handling of funds linked to a $387.5 million hack at Bitget, THORChain is more decentralized than Bitcoin and Ethereum. He explains that while a few operators can pause THORChain, Bitcoin and Ethereum require even fewer parties to stop, emphasizing THORChain's collective governance through validator votes. Critics dispute this, pointing to THORChain's use of a threshold signature scheme that allows a small group to halt the network, unlike Bitcoin and Ethereum. THORChain also retired address blacklisting in 2025 to maintain neutrality, refusing to freeze hacker-linked funds. This debate highlights the importance for DeFi investors to scrutinize governance structures beyond decentralization claims.
THORChain's decentralization debate is the story's subject, with Pluang market data offering context. As of Oct 06, 2026 04:24 WIB, 29 of 50 major cryptocurrencies rose and 20 fell. Notable movers include BAL at Rp16.297 (+11.14%), FIL at Rp20.975 (+10.33%), and EOS at Rp12.649 (+8.13%).
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