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After Halt Over Detecting FTX Funds, THORswap Resumes Operation

After Halt Over Detecting FTX Funds, THORswap Resumes Operation

THORswap Resumes Operation After 6 Days of FTX Funds Halt Detection

A decentralised exchange THORswap resumes operation after 6 days of detection of illicit FTX funds. The platform halted swaps on 6 October. With emphasising laws like Anti-money Laundering the platform backed with new terms of services. THORswap addressed its centralisation as a company and its distinction from the THOR chain that is a decentralised network. THORswap has also partnered with an industry leader for enhancing protection against illicit fund flow. The tracing of stolen FTX funds has become difficult as hackers are  moving stolen funds through THORSwap before using cryptocurrency mixers.

By: Gunjan Sahu
14-Oct-2023

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