“Bitget’s $387.7M Hack Sparks Fierce Debate on THORChain vs NEAR and Crypto Idealism” — what this page in the network covers. A fierce debate has erupted in the crypto community after hackers stole $387.7 million from Bitget, with the stolen funds reportedly moving through THORChain and NEAR. The central question is whether the principles of permissionless and decentralized technology mean that no one should ever intervene, even when intervention is possible. THORChain, known for cross-chain swaps, and NEAR, a scalable blockchain, have become focal points as stakeholders argue over the limits of crypto idealism.
The incident highlights a fundamental tension: should the community prioritize absolute decentralization, or take pragmatic steps to freeze or recover stolen assets? Proponents of non-intervention argue that any ability to halt transactions undermines the core promise of censorship resistance. Others contend that failing to act when possible makes the ecosystem complicit in theft and could deter mainstream adoption. The full version stays on the original page, which this listing opens directly.