To stop the flow of illegal money, THORSwap enters “maintenance mode.”
THORSwap has acknowledged the ongoing misuse of its decentralized exchange (DEX) and is actively working to discover a lasting solution to this issue. THORSwap , a decentralized exchange (DEX) powered by the multi-chain THORChain protocol, has initiated a state of “ maintenance mode” to thwart any illicit fund movements through the platform by malicious entities. This decisive action was taken on October 6th as an immediate response to the potential illicit fund transfers. The decision was made after consultations with advisors, legal experts, and law enforcement agencies, as per the original announcement. Bad actors frequently exploit cross-chain platforms like THORSwap to shuffle funds across various blockchains in a bid to obscure their origins. THORSwap has acknowledged the persistent challenge and is determined to devise a permanent remedy to counter such misuse. “ THORSwap will remain in this maintenance mode until a more sustainable and robust solution ca...