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Thorchain refuses to block wallets linked to $387.5M Bitget hack, sparking debate on decentralization limits.

Market News
27 Sep 2026
The Currency Analytics
View Source
Bearish
Thorchain refuses to block wallets linked to $387.5M Bitget hack, sparking debate on decentralization limits.

Hackers stole $387.5 million from Bitget on September 24, prompting Bitget's CEO to urge Thorchain to freeze the attackers' wallets. Thorchain declined, citing its decentralized nature and comparing the request to asking Bitcoin miners to stop processing transactions. This stance has divided the crypto community, especially since Thorchain paused its network in May to protect its own assets, raising questions about selective intervention. The incident highlights ongoing tensions between security and decentralization principles in crypto governance, with no clear resolution yet.

Thorchain's stance on wallet blocking is the subject, with Pluang market data providing context. As of Sep 28, 2026 05:22 WIB, 28 of 50 major cryptocurrencies rose while 20 fell. Notable movers include SXP down 46.27%, GRT up 23.34% with 87% sell orders, and ONE up 13.61% with 70% buy orders.

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