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The updated terms and conditions restrict users from accessing the exchange if they are based in countries sanctioned by the U.S., UK or the European Union. Specific countries cited include Myanmar, Cuba, Iran, Iraq, North Korea, Sudan, Syria and Zimbabwe. Original Source
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Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform.THORSwap took to X (formerly Twitter) on Oct. 12 to announce that the platform is back online. The platform asked users to resume their regularly scheduled swapping of over 5,500
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The individual behind the 2022 attack on FTX has altered their strategy for laundering their stolen Ethereum into Bitcoin. On-chain analyst Lookonchain noticed on Oct. 6 that the person behind last year’s FTX hack had stopped using THORChain for moving their stolen assets and had begun to exploit the Threshold Network
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THORSwap, a multichain decentralized exchange (DEX) that runs on the cross-chain liquidity protocol THORchain, is under “maintenance mode” to prevent further illicit movement of funds on the platform. THORSwap entering maintenance mode On Oct. 6, THORSwap said it would temporarily transition into maintenance mode amid concerns of bad actors moving illicit funds
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THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform.On Oct. 6, THORSwap transitioned into “maintenance mode” as an immediate measure to counter the potential movement of illicit funds. The decision comes after consultation with advisors, legal
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“Yesterday, following a careful evaluation of the situation and consultation with advisors, legal counsel, and law enforcement, the decision was made to temporarily transition the THORSwap interface into maintenance mode,” THORSwap developers said in a tweet. Original Source
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In recent weeks, the native token of THORSwap, THOR, has experienced a surge, with its value increasing by nearly 300%. This surge has attracted attention within the crypto community, prompting an exploration of the factors contributing to THOR’s rapid growth. THORSwap, a cross-chain decentralized exchange (DEX) aggregator built on the THORChain
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Before the introduction of Streaming Swaps, if a crypto user wanted to execute a large trade and achieve lower slippage on THORChain, they would have to manually divide the swap into several smaller transactions, resulting in higher gas fees. With the new feature, large swaps are broken down internally on
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"The benefit of using a decentralized exchange protocol like THORSwap is always having self-custodial control of your assets," THORSwap's pseudonymous product manager "paperx" explained in a Twitter message to CryptoX. "Users connect their own native chain wallets (Bitcoin, Ethereum, BNB Chain, Cosmos, Litecoin, Dogecoin and THORChain, among others) to swap
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Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch.The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin (BTC) and Ethereum (ETH).
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