THORSwap goes into 'maintenance mode' to counter illicit funds movement
THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse. 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 counsel, and law enforcement, according to the original announcement. Fellow THORChads, A pressing and persistent concern has recently come to light: the potential movement of illicit funds through THORChain and, specifically, THORSwap. Such activities have no place on the THORSwap platform, and THORSwap stands firmly against any and all criminal… — THORSwap #BetterThanCEX (@THORSwap) October 6, 2023 Bad actors often use cross-chain platforms like THORSwap to move funds across multiple blockchains, making ...