GoPlus Security challenged THORChain’s comparisons with Bitcoin and Ethereum, saying its threshold-signature vaults require active approval from a limited validator set whenever assets leave the protocol. The firm argued this amounts to active custody rather than passive transaction ordering, and said THORChain’s Mimir governance and pause mechanisms can halt swaps, suspend outbound signing on individual chains or stop the wider network. THORChain’s active validator set is capped near 100 nodes, churns roughly every three days and is documented as scalable toward 250 or more. GoPlus cited a May 2026 network pause after a drain and a February 2025 vote to intercept North Korea-linked funds before the decision was reversed. It also highlighted flows tied to the Bybit and Bitget cases, including nearly 499,000 ETH moved mostly through THORChain, close to $5.9 billion in volume and roughly $5.5 million in fees, as well as 101.5 Bitcoin and 27.63 million XRP in a separate case.