THORSwap is “temporarily transitioning” into maintenance mode to curtail a rise in potentially illicit funds moving through the platform.
THORChain-based decentralized exchange THORSwap announced it is “temporarily transitioning” into maintenance mode amid a rise of potentially illicit funds moving through the platform.
The move follows consultation with legal experts, advisors and law enforcement agencies, and the platform will remain in maintenance mode until “a more permanent and robust solution can be implemented to ensure the platform's continued security and integrity,” THORSwap stated.The individual or entity behind suspicious withdrawals from the collapsed crypto exchange FTX — commonly called the "FTX hacker" — transferred 22,500 ETH this week, according to on-chain analysts Lookonchain.
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