PANews reported on February 28 that THORChain core developer TCB revealed that the main developer of THORChain is about to leave, and he himself may also withdraw due to failure to quickly stop the inflow of North Korean funds. He pointed out that THORChain is not decentralized enough, and the main infrastructure is controlled by a few North American companies, facing regulatory compliance risks.

TCB said that THORChain's ETH transactions have been suspended, and the development team is studying how to block specific wallet addresses at the Bifrost level and plans to conduct a governance vote. However, some validators quickly resumed transactions after the ETH suspension, indicating serious divisions within the community.

He warned that most of THORChain's current transaction flow involves stolen funds, and if no measures are taken, it may trigger national security-level regulatory intervention. In addition, he criticized THORChain's infrastructure design for making it difficult for validators to expand, and its degree of decentralization is far lower than ETH and BTC, making it difficult to resist regulatory crackdowns.

It was reported earlier today that Bybit hackers have laundered more than 50% of the stolen ETH, mainly in exchange for BTC through THORChain .