Is ThorSwap Facilitating Illicit Activities?
A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia. In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities. The study’s author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue.
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A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia.
In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities.
The study's author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue.
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