Unstoppable, a self-custody wallet for cryptocurrencies, has announced the integration of the decentralized exchange THORChain, scheduled for this week. This will enable users to conduct cross-chain swaps without intermediaries.
Unstoppable Wallet and THORChain Integration
Unstoppable Wallet has planned the integration of THORChain, a decentralized exchange that facilitates direct trading between different blockchains. This capability will become available this week.
Controversy Surrounding THORChain and Bybit Incident
THORChain became a focal point following the Bybit incident when the Lazarus group used the exchange to transfer stolen funds worth around $1 billion. The question of blocking transactions linked to this group was considered, but the corresponding vote was overturned, sparking disagreements in the crypto industry.
Technical Capabilities and Security System of THORChain
THORChain provides its operators with tools to respond to malicious actions. Node operators can collectively pause trading if fraudulent activity is detected. The system and its functionalities aim to protect the network from threats without granting unilateral control to any single node.
The integration of the Unstoppable Wallet with THORChain highlights the importance of user control and decentralized solutions in the crypto industry. However, incidents like Bybit continue to spark discussions about security and ethics in this field.
