The Defiant - DeFi Podcast

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

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 stayed halted for 39 days. Camila Russo sits down with Chad Barraford, THORChain’s technical co-founder, to tackle the question splitting DeFi: if a protocol can stop a hacker, should it? They cover why hackers run to Bitcoin to cash out, the difference between “can’t” and “won’t,” how THORChain compares to Bitcoin, Ethereum and NEAR Intents, and what comes next: Monero, Zcash, new chains, and the bet that DEXs will eventually beat CEXs.