% 2.60
BTC Dominance:
% 0.21
Market Cap:
$2.53 T
% 1.90
Fear & Greed:
76 / 100
$ 67.641
BTC Dominance:
% 52.9
Market Cap:
$2.53 T

ThorSwap Halted Platform After Hack-Related Trading!


The developers of THORSwap made a series of statements about the hack-related trading attempt on the FTX side:

“Yesterday, considering the seriousness of the event and as a result of our consultations with our advisors, legal counsels and local authorities, we preferred to put the THORSwap interface into a temporary maintenance mode.”

“The main reason for us to do this is to be able to stop potential illegal activities quickly. We are working on a more permanent and robust solution to constantly ensure the security and integrity of the THORSwap platform and THORSwap will remain in maintenance mode until this solution is implemented” they said.

Although this move temporarily halted trading operations, other services such as lending, borrowing, and staking continue to operate normally.

You might like: Tension Between Elon Musk And SEC

THORSwap, as a network allowing users to trade tokens freely between different blockchains, operates on THORChain. In November 2022, after the bankruptcy application of FTX and related companies, an unknown party managed to steal assets totaling $600 million from various wallets.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’ t forget to follow us on our TelegramYouTube and Twitter channels for the latest news.

Leave a Reply

Your email address will not be published. Required fields are marked *