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THORChain Will Not Block Addresses After $387.5M Bitget Hack; Lawyer Analyzes Prosecution Risks

THORChain has indicated it will not block addresses connected to the $387.5 million Bitget hack. Crypto lawyer Yuriy Brisov describes the legal landscape around developer prosecution for money laundering as complicated.

THORChain Will Not Block Addresses After $387.5M Bitget Hack; Lawyer Analyzes Prosecution Risks

THORChain Response to Bitget Hack

THORChain has stated it will not block addresses linked to the $387.5 million Bitget hack. The protocol maintains operations continue despite the theft.

Crypto lawyer Yuriy Brisov notes the issue is complicated. He asks whether the developers themselves can face prosecution for money laundering related to the incident.

Implications for DeFi Regulation

The case raises difficult questions about accountability within decentralized finance. Authorities weigh whether code-based protocols can be held legally responsible for fund misuse.

Market context

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Market data reflects conditions at publication time and is not updated in real time.

Data captured at: Oct 1, 2026 12:57 (Tehran)

Likely market impact

SegmentOutlook
Bitcoin● Neutral
Ethereum● Neutral
Altcoins▲ Positive
Short term● Neutral
Long term● Neutral

Spot prices at publication

₿
BTC/USDTBitcoin
$83,732.02+0.37% 24h
Ξ
ETH/USDTEthereum
$2,692.50+0.25% 24h
◎
SOL/USDTSolana
$117.98-0.88% 24h

Fear & Greed Index

74Greed
Extreme FearFearNeutralGreedExtreme Greed

Source: Cointelegraph

Market chart

Research and education only — not financial advice. Digital assets carry substantial risk; decisions remain yours.

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