THORChain has reportedly been unable or unwilling to block cryptocurrency addresses connected to the $387.5 million hack of Bitget, according to CoinTelegraph. This raises concerns about the platform's role in potentially facilitating the movement of stolen funds.
Crypto lawyer Yuriy Brisov told CoinTelegraph that prosecuting such cases for money laundering remains complex, highlighting the difficulties regulators and law enforcement face in tracking illicit crypto transactions.
For Japanese investors and market participants, this case underscores ongoing challenges in crypto security and regulatory enforcement, emphasizing the need for robust compliance measures in digital asset platforms.