THORChain co-founder says acting against Bitget hacker was possible but difficult

HACK OR EXPLOITTHORChain co-founder saysacting against Bitget hackerwas possible but difficult31IMPORTANCECLOSED2NEWS MEDIA2PIECESOct 6, 2026 16:30blockboard.net

THORChain’s validator structure and trading controls left no quick wallet-specific shutdown for the Bitget-linked funds, and some actions needed two-thirds validator approval. Chad Barraford later said he would bring the idea of refunding some fee income tied to the stolen funds to the protocol’s Treasury.

What this rests on

Claim by claim, with its source
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Chad Barraford said validators could take action against the Bitget hacker’s funds, but getting enough agreement quickly enough to stop them would be difficult.
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Network-wide trading pauses cannot target a single wallet, and some actions need approval from two-thirds of validators.
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Barraford said on Monday that he would raise with the Treasury the idea of sending part of the developer fund’s earnings from the Bitget hack back to the exchange.
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He said the developer fund could return some of the income from swaps involving funds stolen in Bitget’s September hack.

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

Users and traders on THORChain are the ones most likely to notice the validator limits first, because the network cannot use a pause aimed at just one wallet and some responses need two-thirds approval. That means the practical window for acting on the Bitget-linked funds is shaped by the time it takes validators to coordinate, not by a single operator’s decision.

In practice, the network’s normal routing and swap activity can keep operating unless a broader pause or a high-threshold vote is reached. The later Treasury discussion adds a separate path: part of the developer fund’s income from those swaps could be sent back, but that is only a matter Barraford said he would bring up.

Market reaction

BG Bitget Token the event is about this asset from 2 h before to 4 h after the line marks the first headline
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$2price at publication
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How the story was built

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Oct 6 16:26
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Oct 6 21:25

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