🚀 Thorchain Contributors Criticized For Withholding Fees From Bybit Hack
#Thorchain #Bybit #hacking #decentralizedexchange #ZachXBT #cryptocurrency #ASGARDEX #blockchain #fees #decentralization
According to Foresight News, blockchain investigator ZachXBT has criticized contributors to the decentralized exchange ASGARDEX on THORChain for their stance on being 'merely open-source tools, not direct beneficiaries.' Several contributors have refused to return approximately $900,000 in fees obtained from the Bybit hacking incident, despite other teams opting to return their fees. ZachXBT stated, 'Choosing to maintain THORChain's decentralization is one thing, but not scrutinizing protocol-level activities is another. Profiting from a hack and then refusing to return these fees is a criminal act.'#Thorchain #Bybit #hacking #decentralizedexchange #ZachXBT #cryptocurrency #ASGARDEX #blockchain #fees #decentralization
🚀 Debate Over Asgardex Fees Sparks Controversy
#Asgardex #ZachXBT #THORChain #BybitHack #Cryptocurrency #Blockchain #OpenSource #SelfCustody #Ethereum #Bitcoin #Laundering #DueDiligence #NorthKorea
According to Foresight News, a dispute has arisen between blockchain investigator ZachXBT and THORChain developer JP regarding the handling of fees by Asgardex. The central issue is whether Asgardex should return $900,000 obtained from laundering activities linked to a Bybit hack. ZachXBT argues that failure to return the funds constitutes a crime, while JP contends that open-source wallet developers focus on self-custody wallet development and will not return funds unless legally required. JP also questions why Ethereum and Bitcoin nodes are not asked to return transaction fees.
Additionally, ZachXBT highlighted that last year, a project associated with JP failed to conduct due diligence, mistakenly hiring a North Korean IT worker as a developer. This was brought to JP's attention after several months, but it was never publicly disclosed.#Asgardex #ZachXBT #THORChain #BybitHack #Cryptocurrency #Blockchain #OpenSource #SelfCustody #Ethereum #Bitcoin #Laundering #DueDiligence #NorthKorea