Slow Mist Yuxian Talks THORChain: Decentralization is not a slogan and should not respond to industry security incidents with "no interference."

Sep 27, 2026 09:50:21

Slow Fog's Yuxian stated on platform X that the Bitget theft incident has a wide spread, involves a huge amount of money, and the related funds were quickly linked to North Korean hackers. Institutions such as Circle and Tether have promptly assisted in freezing the related funds, with Circle freezing the USDC held by the hackers.

Regarding THORChain, Yuxian pointed out that when THORChain previously experienced a theft incident, it also quickly intervened in its so-called "decentralized" platform; however, in response to this major security incident in the industry, it claimed "decentralization and non-interference" and compared itself to Bitcoin and Ethereum, while continuing to earn fees from the hackers' large cross-chain transactions.

He stated that decentralization should not just be a slogan; after a major security incident occurs, the key is to distinguish which issues need to be collectively addressed by the industry. He also believes that platforms like THORChain should not be easily compared to Bitcoin and Ethereum, as there are significant differences in the degree of decentralization and mechanisms of different systems.

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