THORChain Suffers $1.2 Million Security Breach
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BTCCSquare news:
THORChain, a cross-chain swapping protocol, has been hit by a security breach resulting in losses of approximately $1.2 million. The incident has reignited concerns over the platform's vulnerability, particularly given its history of facilitating questionable transactions following prior hacks.
Despite the breach, network operators have kept the protocol running, fueling debates about the balance between decentralization and crime prevention in decentralized finance. This event underscores the persistent risks inherent in DeFi ecosystems.
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