THORswap back online 6 days after halt over detecting FTX funds
According to blockchain analytics firm Elliptic, the anonymous FTX exploiter has used THORSwap to convert ETH to BTC, which is traceable on-chain. Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform. THORSwap took to X (formerly Twitter) on Oct. 12 to announce that the platform is back online . The platform asked users to resume their regularly scheduled swapping of over 5,500 assets across 10 blockchains, right from their own self-custody wallet. The protocol originally halted swaps on its platform on Oct. 6 as an immediate measure to counter the potential movement of illicit funds. THORSwap acknowledged that its DEX platform encountered illicit use, deciding to pause to find a permanent solution to the misuse. According to the latest announcement, THORSwap hasn’t applied any big changes on its platform other than the “shiny new terms of service.” Updated on Oct. 11, THORSwap’s new ter