THORChain’s decentralization could be key defense in Bitget litigation, lawyer says

  • Yuriy Brisov said decentralization could be THORChain’s strongest defense in Bitget litigation.
  • The May vault hack caused about $10.7 million in losses.
  • NEAR’s address-blocking decision could expand debate over decentralized-protocol liability.

THORChain’s decentralized structure could become its strongest defense in litigation tied to Bitget, crypto lawyer Yuriy Brisov said. The dispute follows Bitget CEO Gracy Chen’s call for the network to refuse service to addresses identified as belonging to hackers, arguing that decentralization should not justify helping move stolen funds. THORChain maintains that its permissionless design leaves no central authority able to approve or reject individual users or addresses. Brisov said NEAR’s decision to block a specific address could intensify debate over control and legal liability in decentralized protocols. The issue also follows a May hack of THORChain’s vault that caused about $10.7 million in losses; automatic safeguards and a joint response by node operators temporarily halted the network, but THORChain said it did not individually block the attacker’s addresses.

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