THORSwap: Since illegal funds are using THORChain, it will temporarily shift to maintenance mode

According to news on October 6, cross-chain DEX aggregator THORSwap tweeted that illegal funds may flow through THORChain in the near future, especially THORSwap. THORSwap is firmly opposed to any criminal behavior, so after carefully evaluating the situation and working with advisors, legal advisors and law enforcement agencies After consultation, it was decided to temporarily shift the THORSwap front-end interface to maintenance mode to quickly curb any further potential illegal activities. THORSwap will remain in maintenance mode until a more permanent and better solution can be implemented. There are no specifics or further details to share at this time, but we will keep you updated on the situation.

The ThorChain browser shows that since October, the cumulative transaction volume of ThorChain in the past five days has exceeded 1.05 billion US dollars. Among them, the transaction volume on the ThorChain chain on October 5 was approximately US$355 million, a record high. According to analysis by crypto KOL Tay, over the past four months, more than 50% of the funds converted from ETH to ThorSwap routers into BTC were stolen funds.

According to previous news, on-chain analyst Ember monitors that FTX attackers have recently transferred a large amount of ETH and exchanged it for BTC through THORChain cross-chain.