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Crypto & Bitcoin

Thorchain Glitch Blocks Binance Hack Route as FBI Presses Nodes

Reported by Jamie Redman, Bitcoin.com News

Image: Bitcoin.com News

A one-block Ethereum reorganization on Saturday triggered a double refund involving 10 ETH on Thorchain, setting off an emergency pause that disrupted cross-chain swaps across most of its supported networks. Chainalysis said the malfunction inadvertently delayed laundering activity connected to Binance’s $6.4 billion theft. Meanwhile, the FBI urged Thorchain node operators to block transactions associated with North Korean hackers, creating an extraordinary collision between technical failure and law enforcement pressure. The trouble began when Ethereum reorganized a single block , effectively replacing a previously accepted segment of its transaction history.

This is an excerpt. The reporting belongs to Bitcoin.com News.

Read the full report on news.bitcoin.com
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