{"id":37538,"date":"2025-02-28T15:00:03","date_gmt":"2025-02-28T12:00:03","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37538"},"modified":"2025-02-28T14:12:36","modified_gmt":"2025-02-28T11:12:36","slug":"thorchain-developer-quits-after-failed-bid-to-block-north-korean-transactions","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/thorchain-developer-quits-after-failed-bid-to-block-north-korean-transactions\/","title":{"rendered":"THORChain Developer Quits After Failed Bid to Block North Korean Transactions"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/the-latest-on-bitcoin-and-cryptocurrencies-28-february\/\"><strong>THORChain<\/strong> <\/a>Developer Leaves, Validator Considers Departure Over $605 Million <strong>North Korean Hacker<\/strong> Transactions.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/thorchain-developer-quits-after-failed-bid-to-block-north-korean-transactions\/#THORChain_Developer_and_Validator_Exit_Over_Voting_on_North_Korean_Hacker_Transactions\" title=\"THORChain Developer and Validator Exit Over Voting on North Korean Hacker Transactions\">THORChain Developer and Validator Exit Over Voting on North Korean Hacker Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/thorchain-developer-quits-after-failed-bid-to-block-north-korean-transactions\/#Lazarus_Group_Moves_605_Million_via_THORChain_Boosting_Volume\" title=\"Lazarus Group Moves $605 Million via THORChain, Boosting Volume\">Lazarus Group Moves $605 Million via THORChain, Boosting Volume<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/thorchain-developer-quits-after-failed-bid-to-block-north-korean-transactions\/#FBI_Confirms_North_Koreas_Role_in_Bybit_Hack\" title=\"FBI Confirms North Korea&#8217;s Role in Bybit Hack\">FBI Confirms North Korea&#8217;s Role in Bybit Hack<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"90\"><span class=\"ez-toc-section\" id=\"THORChain_Developer_and_Validator_Exit_Over_Voting_on_North_Korean_Hacker_Transactions\"><\/span>THORChain Developer and Validator Exit Over Voting on North Korean Hacker Transactions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"92\" data-end=\"445\">A <strong>THORChain<\/strong> developer announced they are stepping away from the protocol after a vote to block transactions linked to <strong>North Korean hackers<\/strong> was reversed. The developer, known by the pseudonym &#8220;<strong>Pluto<\/strong>,&#8221; stated on February 27 that they will no longer contribute to THORChain but will remain available to assist with the transition of their responsibilities.<\/p>\n<p data-start=\"447\" data-end=\"646\">This decision came after <strong>THORChain validator &#8220;TCB&#8221; revealed<\/strong> that a vote to stop Ether trading to prevent transactions related to the Lazarus Group, a North Korean hacking group, was quickly reversed.<\/p>\n<h2 data-start=\"648\" data-end=\"715\"><span class=\"ez-toc-section\" id=\"Lazarus_Group_Moves_605_Million_via_THORChain_Boosting_Volume\"><\/span>Lazarus Group Moves $605 Million via THORChain, Boosting Volume<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"717\" data-end=\"833\">TCB announced on X that they would also consider exiting if a solution to stop North Korean flows is not found soon. The <strong>Lazarus Group<\/strong> has continued to use <strong>THORChain<\/strong> to move funds from a $1.5 billion hack of Bybit on February 21.\u00a0<a href=\"https:\/\/coinmuhendisi.com\/blog\/gelir-idaresi-baskanligindan-kripto-para-yatirimcilarina-kira-geliri-aciklamasi\/\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-149740 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/bybit.png\" alt=\"bybit\" width=\"522\" height=\"571\" \/><\/strong><\/a><\/p>\n<p data-start=\"835\" data-end=\"1088\">On February 28, the group transferred $605 million worth of ETH through THORChain, contributing to a significant rise in transaction volume. On February 26, THORChain recorded its highest-ever daily transaction volume at $860 million.<\/p>\n<h2 data-start=\"1185\" data-end=\"1234\"><span class=\"ez-toc-section\" id=\"FBI_Confirms_North_Koreas_Role_in_Bybit_Hack\"><\/span>FBI Confirms North Korea&#8217;s Role in Bybit Hack<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1236\" data-end=\"1379\">The FBI has confirmed North Korea\u2019s involvement in the Bybit hack and has called on crypto validators and exchanges to block the Lazarus Group.<\/p>\n<p data-start=\"1381\" data-end=\"1536\"><strong>THORChain founder John-Paul Thorbjornsen<\/strong> stated that the protocol does not launder money and that the rapid movement of funds makes censorship unrealistic.<\/p>\n<p data-start=\"1538\" data-end=\"1724\" data-is-last-node=\"\" data-is-only-node=\"\"><strong>TCB criticized THORChain,<\/strong> stating it is not truly decentralized and that creating a censorship-resistant structure is difficult due to the small number of actors involved in the network.<\/p>\n<hr \/>\n<p data-start=\"1538\" data-end=\"1724\" data-is-last-node=\"\" data-is-only-node=\"\"><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a> for the latest <a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>THORChain Developer Leaves, Validator Considers Departure Over $605 Million North Korean Hacker Transactions. THORChain Developer and Validator Exit Over Voting on North Korean Hacker Transactions A THORChain developer announced they are stepping away from the protocol after a vote to block transactions linked to North Korean hackers was reversed. The developer, known by the pseudonym<\/p>\n","protected":false},"author":29,"featured_media":37541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12052,2351,5913,12305,1722],"class_list":["post-37538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bybit-hack","tag-fbi","tag-lazarus-group","tag-north-korean-hacker","tag-thorchain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>THORChain Developer Quits After Failed Bid to Block North Korean Transactions - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/thorchain-developer-quits-after-failed-bid-to-block-north-korean-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THORChain Developer Quits After Failed Bid to Block North Korean Transactions - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"THORChain Developer Leaves, Validator Considers Departure Over $605 Million North Korean Hacker Transactions. 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