Thorchain Faces Heat as Bitget Hack Revives Bybit Controversy

Thorchain is facing renewed scrutiny after attackers reportedly used the protocol to launder assets stolen in the Bitget hack, echoing concerns raised during the Bybit exploit. Critics argue that Thorchain’s permissionless cross-chain design can enable rapid movement of illicit funds, while supporters maintain that the protocol itself was not hacked and cannot selectively block transactions. The episode could intensify regulatory and reputational pressure on Thorchain and other decentralized bridges, potentially affecting liquidity, user trust, and Bitcoin-related cross-chain activity.