![\"THORChain](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/2026\/09\/01M3JEK5KXMZ1A92DZ2YW9Y7A9\/cover-collage-revised.png\")
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THORChain refuses to blacklist addresses linked to the Bitget hack. Vitalik Buterin says Ethereum is evolving from being a mere blockchain, into a world cryptographic computer. <\/p>\n
Stop me if you\u2019ve heard this before: A centralized exchange with lax security gets hacked by the North Koreans for $387.5 million, and then somehow shifts the blame game onto a decentralized exchange for not blacklisting the addresses.<\/p>\n
The drama began on September 25 when the Asian focused exchange Bitget revealed $351.6 million in \u201cunauthorized transfers\u201d<\/a> but it later upgraded the tally to $387.5 million. It said a preliminary investigation had linked the IP addressees to VPN services used by a North Korean hacking group.<\/a> <\/p>\n While that isn\u2019t firm proof, CEO Gracy Chen said its investigators had flagged other similarities with previous thefts.<\/p>\n North Korean hackers were believed to be behind the $1.5 billion Bybit exchange hack, and much of the funds from that attack were then swapped on the decentralized exchange THORChain (which is not a mixer and funds can still be traced after being swapped). <\/p>\n Chen then publicly called on THORChain to block the addresses linked to the attack. \u201cDecentralization is a design principle, not a shield for facilitating known stolen funds,\u201d\u00a0she thundered. Thorchain politely said no dice, which has set off a massive debate over whether they can or should comply with Chen\u2019s request. <\/p>\n Decentralization maxis like Joel Valenzuela said doing so would undermine crypto\u2019s cypherpunk ethos. <\/p>\n