Bitget asks Thorchain to block hacker addresses after major security breach

CryptoVideos brief
Built from 2 sources 27 Sep 2026 · 10:33 UTC 1 min read

Bitget asked Thorchain validators to block addresses linked to hackers who drained approximately $387.5 million from the exchange. Thorchain rejected the request. The protocol cited its decentralized and permissionless design. Hackers used Thorchain to swap stolen funds into Bitcoin. Meanwhile, Circle and Tether froze 218,023 USDT and 99,990 USDC from an attacker-linked address.

Key points

Bitget was hacked, with estimated losses reaching approximately $387.5 million.
Bitget CEO Gracy Chen asked Thorchain validators to block attacker addresses.
Thorchain rejected the blocking request due to its permissionless and decentralized design.

Why it matters

The incident highlights tensions between centralized exchanges seeking asset recovery and decentralized protocols that refuse to censor transactions.

Price context · RUNE

At publication

$0.7669

Now

$0.7531

Change since

−1.80%

7 days · dashed line = publication

Sources · 2 publishers

Bitcoin.com News Tier 2 First report 26 Sep, 20:16 UTC

Bitget CEO Wants Thorchain to Block Hackers, but There’s a Catch

Coinpedia Tier 3 10:06 UTC

Bitget Asks THORChain to Block Hacker Address, Protocol Says No

Coverage timeline

Sep 26, 20:16First reported by Bitcoin.com News
Sep 27, 10:06Confirmed by Coinpedia
Sep 27, 10:33CryptoVideos brief published

How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error