After Bitget lost $387.5 million in a hack, the exchange asked THORChain to block the attacker’s addresses, but the protocol refused. Weeks later, Tether froze four THORChain vaults on Tron holding 1.45 million USDT, then unfroze them three hours later. In May, THORChain itself lost $10.7 million due to a GG20 flaw and remained halted for 39 days. Technical co-founder Chad Barraford explains why hackers flee to Bitcoin to cash out, and why a DeFi protocol’s ability to stop an attacker raises a fundamental question about its role.
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