THORChain founder rejects freeze request after Binance hack
In short
THORChain’s co-founder said the protocol should not be stopped after Binance reopened withdrawals.
The report says this came after what was described as the world’s biggest hack, and that the founder pushed back on FBI demands. It is still not clear whether the protocol will change anything.
What the reporting says
THORChain co-founder rejected a request to halt the protocol after Binance reopened withdrawals following what Cointelegraph described as the world’s biggest ever hack. The summary says the founder argued the protocol should not freeze to comply with FBI demands. The immediate issue is a conflict over whether the protocol should intervene, while the reporting does not confirm any final freeze decision or the scale of user losses.
Why it matters
THORChain’s co-founder rejected a request to freeze the protocol after Binance reopened withdrawals following a major hack described in the summary as the world’s biggest ever. The report says the founder argued against halting the network to comply with FBI demands. That makes the issue a governance and security dispute in crypto, but the reporting does not confirm a final enforcement outcome or wider market impact.