Thorchain Stands Firm on Permissionless Structure Amid External Pressures
- Chad Barraford, co-founder of Thorchain, emphasizes recovery relies on exchanges and fiat off-ramps.
- Public tracing across neutral protocols allows real-time monitoring of stolen funds.
- Thorchain refuses to freeze hacker-linked wallets despite pressure from Bitget CEO Gracy Chen after a $388 million theft.
- Barraford argues that selective blocking would create censorship capabilities contrary to the decentralized ethos.
Thorchain remains committed to its permissionless structure, resisting demands to block specific wallet addresses linked to hacks. Barraford stresses the importance of maintaining transparency in decentralized networks for effective fund tracing and asset recovery.
The debate over permissionless networks highlights the tension between security measures and maintaining a neutral infrastructure, with Barraford advocating for transparency as an asset rather than a liability in tracking stolen assets. (Source)
