GoPlus Security said Bitget the stolen funds were transferred through THORChain and called for the interception of the related addresses
BIBIBI
AT A GLANCE
GoPlus Security said that part of the Bitget stolen funds had been transferred out through THORChain or were being converted into BTC。
Article
【GoPlus：THORChain Not truly decentralized, calling for the interception of North Korea-related funds】
GoPlus Security posted on X, saying that THORChain funds leaving the system must be actively signed by validators through TSS threshold signatures, unlike Bitcoin and Ethereum;Bitget approximately 101.5 units of BTC(approximately 8500000 USD) of the stolen funds have already been transferred out through it, while approximately 27630000 units of XRP(approximately 43000000 USD) are being converted into BTC, calling on it to intercept North Korea-linked addresses.
Key points
01
GoPlus Security posted on X, saying that THORChain funds leaving the system must be actively signed by validators through TSS threshold signatures.
02
The post said that approximately 101.5 units BTC(approximately 8500000 USD) had been transferred out through THORChain.
03
The post said that approximately 27630000 units XRP(approximately 43000000 USD) were being converted into BTC。
04
GoPlus Security called for the interception of the addresses it identified as being linked to North Korea.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This information states that THORChain the transfer of related funds requires validators to actively complete threshold signatures, and alleges that part of the Bitget stolen funds has already been transferred out, while another amount of XRP is being converted into BTC。
Why it matters to readers
If these claims are accurate, the funds may continue to move across chains or be converted, making it more difficult for relevant platforms and addresses to intercept and track them.
BTC and XRP are different cryptoassets; “converted into BTC means converting XRP into BTC，“TSS Threshold signatures” means that multiple parties meeting specified conditions must sign for an operation to be completed.
Risks and unknowns
The materials do not provide GoPlus Security’s original X post, specific addresses, or on-chain transaction hashes.
The materials alone cannot confirm that the funds in question actually came from the Bitget theft incident.
It cannot be confirmed whether approximately 27630000 units XRP have already been converted.
The alleged association between the addresses and North Korea cannot be independently confirmed.
THORChain The materials do not explain whether the relevant funds can or have been intercepted.
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Related concepts
TSS Threshold signatures
This term is not in the glossary yet. Browse related concepts in the glossary.
