ТHORChain refused to block funds linked to the Bitget hack.
The stolen crypto is already being converted into Bitcoin
Bitget asked the developers of THORChain, a protocol for exchanging cryptocurrencies across different blockchains, to block transactions involving addresses linked to the exchange hack. On September 24, crypto assets worth $387.5 million were stolen from Bitget and subsequently converted into ETH.
THORChain said it cannot selectively block individual addresses or transactions. The network’s shutdown mechanism is designed to protect the protocol as a whole, rather than block specific participants.
The protocol also pointed out that after its own $10.7 million hack in May, it did not block addresses associated with the attack. THORChain emphasized that it operates without centralized control over its users.
💱 According to on-chain analyst Lookonchain, at around 9:00 a.m. Moscow time, addresses linked to the hack began using THORChain to swap ETH for Bitcoin.
▪️ A similar situation was observed in February 2025, when cryptocurrency stolen from Bybit was laundered through Bitcoin and THORChain in the same way. At the time, experts said the hackers were laundering “$3 million per hour.”
The stolen crypto is already being converted into Bitcoin
Bitget asked the developers of THORChain, a protocol for exchanging cryptocurrencies across different blockchains, to block transactions involving addresses linked to the exchange hack. On September 24, crypto assets worth $387.5 million were stolen from Bitget and subsequently converted into ETH.
THORChain said it cannot selectively block individual addresses or transactions. The network’s shutdown mechanism is designed to protect the protocol as a whole, rather than block specific participants.
The protocol also pointed out that after its own $10.7 million hack in May, it did not block addresses associated with the attack. THORChain emphasized that it operates without centralized control over its users.
💱 According to on-chain analyst Lookonchain, at around 9:00 a.m. Moscow time, addresses linked to the hack began using THORChain to swap ETH for Bitcoin.
▪️ A similar situation was observed in February 2025, when cryptocurrency stolen from Bybit was laundered through Bitcoin and THORChain in the same way. At the time, experts said the hackers were laundering “$3 million per hour.”
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Public keys associated with approximately 6.26 million BTC, or 31.2% of the total supply, are currently visible on-chain. These wallets are therefore potentially vulnerable to quantum attacks, according to Glassnode.
6.26M BTC, OR 31.2% OF SUPPLY, SITS BEHIND A PUBLIC KEY THAT IS ALREADY VISIBLE ON-CHAIN
Experts recommend switching wallets.
6.26M BTC, OR 31.2% OF SUPPLY, SITS BEHIND A PUBLIC KEY THAT IS ALREADY VISIBLE ON-CHAIN
Experts recommend switching wallets.
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Thailand has approved the listing of the country’s first spot Bitcoin and Ethereum ETFs.
➤ New rules allowing cryptocurrency ETFs to be listed on the local stock exchange (SET) will take effect on October 16.
➤ Initially, only BTC and ETH ETFs are permitted. The funds must maintain an average net exposure of at least 80% to the respective cryptocurrency.
➤ Licensed custodians — Rakkar Digital and Orbix Custodian — will be allowed to hold the assets. The specific ETFs and their trading launch dates have not yet been announced.
➤ New rules allowing cryptocurrency ETFs to be listed on the local stock exchange (SET) will take effect on October 16.
➤ Initially, only BTC and ETH ETFs are permitted. The funds must maintain an average net exposure of at least 80% to the respective cryptocurrency.
➤ Licensed custodians — Rakkar Digital and Orbix Custodian — will be allowed to hold the assets. The specific ETFs and their trading launch dates have not yet been announced.
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PancakeSwap
[Proposal Discussion] The Flip: Liquidity Should Get Paid More
The Flip: Liquidity Should Get Paid More The Kitchen proposes raising the LP fee share to 88% TL;DR The Kitchen proposes raising the LP share of swap fees to 88% on PancakeSwap v3 and Infinity across all 11 supported chains, up from around two-thirds on…
PancakeSwap proposes increasing the share of fees paid to liquidity providers to 88% and cutting daily CAKE token emissions by 69%.
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✍🏻Claude developer files for IPO
Anthropic, the developer of the Claude AI model, has officially filed for an IPO. This brings it closer to becoming the first public company specializing in the development of advanced artificial intelligence models, according to Bloomberg.
💱 Anthropic plans to begin trading on Nasdaq under the ticker ANT. The company submitted a confidential listing application back in June.
💱 Goldman Sachs and Morgan Stanley are the IPO underwriters. Shares will be offered by Anthropic itself and some of its shareholders. The size of the offering will be disclosed later.
💱 The active phase of IPO preparation could begin as early as the week of November 9. According to Bloomberg, Anthropic expects to conduct an offering comparable in scale to SpaceX's record IPO, or even surpass it.
Anthropic, the developer of the Claude AI model, has officially filed for an IPO. This brings it closer to becoming the first public company specializing in the development of advanced artificial intelligence models, according to Bloomberg.
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Crypto projects raised just $497 million between October 1 and 24, 2026, compared to $6.3 billion over the same period last year — DropsTab
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