RE: LeoThread 2025-03-03 05:23
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A compelling explanation to debunk the misinformation đź‘€
"Alert: Misinformation Surrounding THORChain, Bybit, and the FBI – Let’s Set the Record Straight
Concerns have arisen about THORChain supposedly aiding hackers in moving stolen ETH
0
0
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from Bybit.
Let’s examine the facts rather than falling for exaggerated claims:
• Frontends such as TrustWallet (based in the US) still enable swaps.
• The FBI isn’t even the lead authority here—Bybit operates out of the UAE.
• THORChain functions as
a decentralized protocol, similar to Uniswap. For those feeling alarmed, here’s a factual breakdown:
1/ The Claim: “THORChain laundered stolen ETH”
• Simply incorrect.
THORChain serves as a neutral, decentralized protocol.
• The stolen funds are circulating across various DEXes (e.g., Uniswap, Sky, BuilderNet).
• THORChain isn’t orchestrating money laundering—it merely exists as a permissionless
network. If THORChain is to be blamed, then protocols like:
• Uniswap (handling ETH swaps)
• Bridges transferring illicit funds
• Other non-custodial systems
should share the blame.
The issue is much broader within DeFi.
2/ TrustWallet, a US-based platform, Continues to Process Swaps
• Many illicit transactions occur through interfaces like TrustWallet.
• Despite being a US company, TrustWallet has not suspended
its services.
• If the actions were illegal, intervention would have come swiftly.