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Will This Proposal Block Crypto Laundering On THORChain After Bybit Hack?

THORChain is a decentralized protocol that hackers tend to use whenever they want to launder stolen funds, reading from events after the Bybit hack. Will this proposal be adopted?

In 2024, rug pulls and DeFi exploits dominated headlines. No major centralized exchange (CEX) hack resulted in billions lost, a trend the crypto community was beginning to associate with improved security—until North Korean hackers struck in February 2025, stealing 500,000 ETH worth over $1.4 billion from Bybit. After the Bybit hack, a big portion of the stolen funds was laundered, mostly through decentralized platforms, with THORChain emerging as the hackers’ favorite.

Will This Proposal Block Crypto Laundering On THORChain After Bybit Hack?

THORChain is a decentralized protocol that hackers tend to use whenever they want to launder stolen funds, reading from events after the Bybit hack. Will this proposal be adopted?

In 2024, rug pulls and DeFi exploits dominated headlines. No major centralized exchange (CEX) hack resulted in billions lost, a trend the crypto community was beginning to associate with improved security—until North Korean hackers struck in February 2025, stealing 500,000 ETH worth over $1.4 billion from Bybit. After the Bybit hack, a big portion of the stolen funds was laundered, mostly through decentralized platforms, with THORChain emerging as the hackers’ favorite.

https://99bitcoins.com/news/will-this-proposal-block-crypto-laundering-on-thorchain-after-bybit-hack/