THORSwap

Rise

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/thorswap-temporarily-suspended-due-to-rise-in-potentially-illicit-funds/">THORSwap Temporarily Suspended Due to Rise in Potentially Illicit Funds!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Thorswap, a decentralized exchange based on ThorChain, is temporarily transitioning into maintenance mode due to a rise in potentially illicit funds moving through the platform. This move comes after the FTX hacker transferred 22,500 ETH ($38 million) this week, including swapping ether for bitcoin through ThorChain. Thorswap consulted with legal experts, advisors, and law enforcement agencies and will remain in maintenance mode until a more permanent and robust solution can be implemented. The FTX hacker holds over 163,000 ETH ($275 million) in ether across several wallets and is known for suspicious withdrawals from the collapsed crypto exchange FTX.</p>

THORSwap Temporarily Suspended Due to Rise in Potentially Illicit Funds!

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