THORSwap: Due to illegal funds using THORChain, the protocol will temporarily switch to maintenance mode.
BlockBeats news reported on October 6th that THORSwap, a cross-chain DEX aggregator based on THORChain, announced on their social media platform that illegal funds were using THORChain and THORSwap. After careful evaluation and consultation with advisors, legal advisors, and law enforcement agencies, the team decided to temporarily switch the protocol to maintenance mode. The team further stated that the maintenance mode actually suspended trading operations, but services such as lending, borrowing, and staking are still operating.
This action was taken to quickly contain any further potential illegal activity. THORSwap will maintain this mode until more sustainable and robust solutions can be implemented to ensure the platform's continued security and integrity.
Previously, on-chain monitoring information showed that the FTX attacker address continued to exchange a large amount of ETH for BTC through THORChain.