Hacking News
THORChain Hacked: $10.7M Loss and Potential Regulatory Scrutiny
Camila Russo interviewed Chad on the THORChain hack, where the protocol lost $10.7M due to a GG20 bug. THORChain halted trading for 39 days after losing funds. Russo and Chad discuss the decentralized nature of THORChain and the potential for THORChain to become the biggest Monero market, with concerns raised about centralised actors helping hackers cash out stolen funds. The interview highlights the tension between decentralization and the need for intervention in case of a hack.