THORChain Refused to Block the $387M Bitget Hacker. Here’s Why | Chad Barraford

Crypto Insight Summary: Bitget lost $387.5 million in a hack and asked THORChain to block the attacker’s addresses. THORChain said no. Weeks later, Tether froze four THORChain vaults on Tron holding 1.45 million USDT, then unfroze them three hours later. And in May, THORChain itself lost $10.7 million to a GG20 flaw and Crypto Insight Analysis: Direction: Bearish RUNE Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: RUNE faces reputational and security risks after a hack, a $10.7M exploit, and a temporary USDT freeze.