Unchained · Friday, October 2, 2026
Following the Bitget hack, concerns have been raised about ThorChain's utility in laundering stolen assets. Critics suggest ThorChain's cross-chain spot trading protocol facilitates the movement of illicit funds, with its volume spiking after major hacks. The protocol's decentralization and neutrality are being questioned in light of these events.
“The criticism has been of ThorChain that ThorChain basically allows anybody to move any money and ThorChain volume spikes anytime there's a massive hack like this.”
“And so many people pointing fingers at them and saying, hey, there's a little bit of a decentralization theater going on in ThorChain in doing this.”
“The other player is Nier. We're investors and holders of Nier. So are robot ventures. Okay, yeah. And Nier also has this thing called Nier Intents, which is a cross-chain trading protocol.”