Six Days After Being Suspended Due to FTX Fund Detection, THORswap is Back Live.
Elliptic's findings reveal a hacker's exploitation of THORSwap on FTX, converting Ethereum to Bitcoin. THORSwap resumed after addressing suspicious activity, introducing new terms, causing controversy over decentralization. ShapeShift's Erik Voorhees distinguishes THORChain as decentralized but THORSwap as centralized in decision-making. THORSwap now collaborates with an "industry leader" to prevent illicit fund flows. Their return coincides with Elliptic's report on the hacker's $120 million Ether-to-Bitcoin conversion.
Bitcoinworld