GoPlus Security criticized THORChain's claim of decentralization, highlighting its active custody model where a limited validator set controls fund releases via threshold signatures, unlike Bitcoin and Ethereum where users control assets directly. This model allows THORChain validators to pause or block transactions, including those linked to North Korea, raising questions about true decentralization. The protocol's validator set is capped near 100 nodes with frequent churn, and governance tools like Mimir enable emergency halts. GoPlus also noted significant illicit fund flows through THORChain, emphasizing the risks and financial stakes involved. The debate underscores the challenges of balancing decentralization with security and regulatory compliance in cross-chain protocols.
THORChain custody scrutiny is the subject here. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 27, 2026 17:41 WIB: of 50 priced major cryptocurrencies tradable on Pluang, 34 rose and 15 fell today. Notable moves include VET at Rp166 with a 1-day change of -3.58%, AVAX at Rp198.186 up 3.38%, and SOL at Rp2.217.400 up 3.01%.
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GIWA confirmed that the GIWA Mainnet was a scam, with over 766 Ether moved through various addresses via a fraudulent bridge. Users are advised to avoid unofficial RPCs, bridges, and contracts linked to the project until further notice. The incident ...
