THORChain under fire over Bitget, ETH evolves beyond blockchain: Hodler’s Digest
THORChain refuses to blacklist addresses linked to the Bitget hack. Vitalik Buterin says Ethereum is evolving from being a mere blockchain, into a world cryptographic computer.
THORChain has refused to blacklist addresses linked to the Bitget hack, despite pleas from Bitget CEO Gracy Chen. The exchange suffered $351.6 million in unauthorized transfers, later upgraded to $387.5 million. Chen blamed THORChain for not blacklisting the addresses, claiming it facilitated known stolen funds. However, THORChain declined to comply, arguing that it would undermine the cypherpunk ethos and allow censorship.
Cybersecurity expert Tay Vano criticized the centralized coordination involved in THORChain's response. Meanwhile, Ethereum creator Vitalik Buterin announced a plan to rebuild Ethereum with zero knowledge proofs, parallel processing, and post-quantum technology, calling it a "cryptographic world computer." The updated architecture aims to provide more powerful properties beyond blockchain.
Meanwhile, SEC Commissioner Hester Peirce has resigned, advocating for a "bill of digital rights" in the digital asset space.
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