It’s a tough call, but freezing funds tied to a major hack feels like the right move here. Curious to see how Thorchain handles it though, since their permissionless stance really puts them in a tricky spot.
Unfortunately, Thorchain has refused to freeze it:
THORChain Says It Is No Different From Bitcoin
THORChain pushed back. It calls itself permissionless, open to anyone, just like Bitcoin, Ethereum, and BNB Chain.
https://finance.yahoo.com/markets/crypto/articles/thorchain-refuses-block-assets-tied-122333334.htmlBut the comparison to Bitcoin or any other crypto is wrong though by Thorchain. And it just reinforce that they are serving criminals like hackers in this case to used their bridge to hide their tracks.
This is actually the sad part here, I think THORchain currently stands at neutral phase and they didn't bothered any transactions came on their platform.
This is the sad part here knowing that there's huge funds stolen from Bitget.
I will not get surprised if in future Thorchain's operation will get seized. Since they became an easy tool to use by criminals to launder their stolen funds.
Yes, this is also what I though, now that they are in the radar with this refusal, who knows, maybe if authorities found a loophole that they can go with Thorchain, and somewhat have them investigated or fully seized then it's their call.
I know that there are protocols, but for the good of others like in this case, it might be better to break it so that the greater will benefit from it. Now the hackers are using Zcash Private Pool,
https://www.coindesk.com/markets/2026/09/30/bitget-hackers-move-usd4-million-into-zcash-s-private-pool-making-funds-harder-to-traceBitget hackers move $4 million into Zcash’s private pool, making funds harder to trace
Three transfers pushed about 15% of the stolen ZEC into Ironwood, where payments hide their senders, recipients and amounts.
